DWQA QuestionsWhat is the difference between private and public blockchain.
Avatar for useruser Staff asked 11 months ago
1 Answers
Avatar for useruser Staff answered 11 months ago

Private blockchain: The decision making process, which is to accept or reject a set of transactions collected in a block, needs to be approved by a finite set of trusted nodes.
Public blockchain: The decision making process needs to be approved by a potentially infinite set of untrusted nodes that require monetary incentives to do their job.