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Does a private blockchain network have all the benefits of a public one?

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Does a private blockchain network have all the benefits of a public one?

Post by Samuel ovens on Sat Apr 15, 2017 4:38 pm

Hello,

I am samuel and want to know that ,is private blockchain network have all the benefits of a public block chain network.

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Re: Does a private blockchain network have all the benefits of a public one?

Post by anonymous19 on Sat Apr 15, 2017 7:31 pm

Well, the opposite is true. In any private blockchain network you can let others view by giving them the membership, but for a public blockchain it is not possible since there is no criteria for membership. But Private blockchains are more centralized then decentralized.


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Re: Does a private blockchain network have all the benefits of a public one?

Post by guptasonia11 on Mon Apr 17, 2017 3:56 pm

In a public blockchain, anyone can download or read the data and anyone can write the data or block into the public Blockchain. On the other hand, in a private blockchain,all permissions are kept centralized to an organization but the idea of decentralization and open protocols gets lost with private blockchains.

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Re: Does a private blockchain network have all the benefits of a public one?

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