What is private blockchain? Give examples.

Category: BlockchainWhat is private blockchain? Give examples.
Editor">Editor Staff asked 2 years ago

What is private blockchain? Give examples.

1 Answers
Editor">Editor Staff answered 2 years 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.