Private Blockchain

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Private Blockchain

What is Private Blockchain

Blockchains that are private are not decentralized. It is a distributed ledger that functions as a closed database protected by cryptographic principles and the requirements of the organization. Nobody without authorization is allowed to operate a full node, conduct transactions, or validate or authenticate blockchain modifications.

Private blockchains put more emphasis on efficiency and immutability—the state of not being able to be changed—while lessening the emphasis on user identity protection and increasing transparency.

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