The content explains the differences between hybrid and federated blockchains. A hybrid blockchain combines features of both public and private blockchains, allowing certain parts to be accessible to the public while keeping others private. This provides flexibility for organizations to control access to specific data while benefiting from the transparency of public blockchains. On the other hand, a federated blockchain, also known as a consortium blockchain, is a type of private blockchain where control is shared among a group of organizations. Only selected participants are authorized to validate transactions and maintain the ledger. Hybrid blockchains excel in balancing privacy and transparency, while federated blockchains provide collaborative control and efficiency. The choice between them depends on specific needs and whether flexible access control or shared management among multiple organizations is required.
- Content Editor ( cryptoticker.io )
- 2024-09-10
Difference Between Hybrid and Federated Blockchains