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Blockchain Complete Guide  

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Public Blockchain

Its Open network and anyone can be part of public Blockchain. As parties to the network can be anonymous, and it might need resources to confirm whether the participant is not a fraud.

Advantages

1. Comparatively cheaper to set up than private Blockchains.

2. This is real blockchain as participants are anonymous to each other and trust issue is a concern.

3. Anyone with wallet setup can be part of the blockchain.

Disadvantages

1. As entrants to the network are easy, it brings the threat of malicious users entering the network.

2. Scalability is major concerns as more and more users enter the network.

3. More participants on the network bring network congestion and adding new block will prove to be a tedious task.

4. Under the scanner of regulatory bodies.

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