BLOCKCHAIN DICTIONARY

Public Blockchain

July 9, 2020
Definition

A public blockchain is a blockchain network where anyone can view or execute transactions. Anyone can join a public blockchain; therefore, strong security measures are implemented to prevent malicious activity. They are decentralized and use democratic processes to make changes to the network. No personal identifying information is shared on a public blockchain.

Did you know?

Almost all cryptocurrency sites, including Bitcoin, are public blockchains.

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