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4 types of blockchain networks

4 types of blockchain networks

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Blockchain In 7 Minutes - What Is Blockchain - Blockchain Explained-How Blockchain Works-Simplilearn
The four most common types of blockchain networks include public, private, consortium and permissioned blockchains. The 4 main types of blockchains with examples � Public Blockchain � Private Blockchain � Hybrid Blockchain � Consortium Blockchain. A consortium. 1. Public Blockchain � 2. Private (or Managed) Blockchain � 3. Consortium Blockchain � 4. Hybrid Blockchain.

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This ensures that sensitive data remains confidential within a closed network environment. Imagine an Excel spreadsheet or a financial database. This decentralization ensures every participant in the network holds an identical copy of the ledger, making data tampering extremely difficult. Private blockchains offer even greater privacy as they restrict access to authorized participants only.