Difference between Public, Private, and Consortium Blockchains

Public Blockchain: A public blockchain is a decentralized network where anyone can participate, view, and verify transactions. It is open to the public and anyone can join the network, make transactions, and become a node in the network.

Private Blockchain: A private blockchain is a permissioned network where access is restricted to selected participants. Only authorized users can participate, view, and verify transactions. It offers more control and privacy compared to public blockchains.

Consortium Blockchain: A consortium blockchain is a semi-decentralized network where a group of organizations come together to control the network. It is permissioned like a private blockchain, but the control is shared among the consortium members. It offers a balance between decentralization and control.