A digital ledger that holds all the information about economic transactions of almost everything of value, blockchain technology enables fast, secure, and transparent peer-to-peer transactions. Often built on a decentralized network, blockchain development technology aids in the successful completion of transactions between two parties in an open ledger-like atmosphere where all the information can be recorded, verified, and kept secure.
We believe Blockchain and Distributed Ledger Technologies (DLTs) when deployed in the right way can bring out a new level of automation, efficiency, and transparency to every business and non-profit. Often, most businesses find it difficult to understand and tap into the full potential of Blockchain and Distributed Ledger Technologies (DLTs). Thus, such businesses end up landing farther away from decent results.
At DigiXHub, we are passionate about bringing out our entire technical abilities to aid our clients with blockchain development services, working with our professional panel of blockchain engineers, and cybersecurity talents, you get to be the proud owners of an amazing deliverable.
As the term suggests ‘Public Blockchain’ is a blockchain open to the public. This means, ‘Public Blockchains’ are made for the public. Almost any individual can become part of the chain and start making transactions or mining in the block.
Furthermore, ‘Public Blockchains’ also follows a mechanism that lets more and more people join the network.
‘Private Blockchain’ aka ‘Permissioned Blockchain’ is simply a secured or closed blockchain which can only be read, written, reviewed, and audited by authorized people. Individuals need to have authorization to enter such blockchains and complete transactions. Additionally, ‘Private Blockchains’ work in a decentralized manner.
A Consortium Blockchain also called as Federated Blockchain is one where multiple companies have the control of the network thus the blockchain is named as consortium blockchain. Members of this team can start mining and they can make decisions or transactions on the chain. They are decentralized partially.
Market leaders around the globe are actively adopting blockchain to create new business models and outperform the competition. We can help you become one of them.