i
Search icon

Blockchain Complete Guide  

Self Learning   /   Study Material   /   Private Blockchain
Previous
Next

Private Blockchain

If the blockchain is designed for a single organisation. In this type of blockchain, only trusted set of nodes are part of the network. It will have better transaction throughput generally.

Advantages

1. Faster than a public blockchain

2. Scalable

3. Semi-centralized in a sense that participants are not entirely anonymous and participants can be tracked.

Disadvantages

1. Not Anonymous participants

2. High cost to enter the network

3. Not originally blockchain as imagined.

© All rights Reserved | SelfLearning.io