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Explaining the Difference Between Public and Private Blockchain Networks

When it comes to blockchain technology, one fundamental difference lies in the type of network used: public and private blockchain networks.

Public Blockchain Networks

In a public blockchain network, anyone can participate, read, write, or audit transactions on the blockchain. This decentralized system is open to all, offering transparency and immutability. Examples of public blockchains include Bitcoin and Ethereum.

Private Blockchain Networks

On the other hand, private blockchain networks are permissioned, meaning access is restricted to a specific group of participants. These networks are often used by organizations for internal operations where privacy and control are crucial.

By understanding the distinction between public and private blockchain networks, you can determine which type suits your specific needs and goals in utilizing blockchain technology.

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