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Understanding Blockchain Types: Consortium, Hybrid, and Public Blockchains
Boss Wallet
2024-12-25 02:42:54
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Boss Wallet
2024-12-25 02:42:54 GmaesViews 0

Level 1
Blockchain
Definition
History
Types
Benefits
Challenges
Bitorrent
Definition
History
Types
Benefits
Challenges
P/L/Q in Blockchain
Cost Benefit Analysis of P/L/Q
P/L/Q in Blockchain
Level 1
Blockchain Definition

A blockchain is a decentralized digital ledger that records transactions across a network of computers in a secure and transparent manner.

Source: Wikipedia

The concept of blockchain was first introduced by an anonymous individual or group using the pseudonym Satoshi Nakamoto in a whitepaper published in October 2008.

Source: Blockgeeks

Blockchain technology has gained significant attention in recent years due to its potential to disrupt various industries, including finance, supply chain management, and healthcare.

Source: Forbes
Level 1
Blockchain History

The concept of blockchain has been around for several decades, with the first patent for a blockchain-like system being filed in 1998.

Source: Arstechnica

The first cryptocurrency, Bitcoin, was created in 2009 and was initially met with skepticism by the financial industry.

Source: CoinDesk

Since then, numerous other cryptocurrencies have been created, and blockchain technology has expanded beyond digital currency to include a wide range of use cases.

Source: The Blockchain Blog
Level 1
Blockchain Types

The following are some of the most common types of blockchain:

  • Public Blockchain
  • P private Blockchain
  • Consortium Blockchain
  • Hybrid Blockchain

A public blockchain is open to anyone with an internet connection, while a private blockchain requires access through a specific network or device.

Source: Investopedia

A consortium blockchain involves multiple organizations working together to create a shared ledger.

Source: Forbes

A hybrid blockchain combines elements of different types, such as a public blockchain for transactions and a private blockchain for sensitive data.

Disclaimer:

1. This content is compiled from the internet and represents only the author's views, not the site's stance.

2. The information does not constitute investment advice; investors should make independent decisions and bear risks themselves.