Search by "private" tag
Is Blockchain Becoming A Traditional Centralised Ledger?

Is Blockchain Becoming A Traditional Centralised Ledger?

The more companies adopt blockchain the less decentralized it becomes: for some of them the transparent concept is unacceptable. A good solution would be a private blockchain controlled by a few people which, however, breaks the initial idea of Blockchain. 

Consequently, the technology separates into 3 types: the classical public blockchain where transactions are carried out openly out of anyone’s control, consortium blockchain where transactions are agreed upon certain nodes and the last one – fully private centralized blockchain. Specialists foresee the blurring of borders between those three in the nearest future since each of them has advantages that together create an efficient system read more