What is private blockchain? Give examples.

DWQA QuestionsCategory: BlockchainWhat is private blockchain? Give examples.
Editor Staff asked 10 months ago

What is private blockchain? Give examples.

1 Answers
Editor Staff answered 10 months ago

A private blockchain is private in nature. They operate with a central authority in control. This way they allow access to the blockchain only to selected users. It is not accessible to everyone which makes it ideal for banks and other centralized organizations. Example, Hyperledger.