What is a Private Blockchain? A Beginner's Guide

Blockchain is a distributed ledger technology that records data in immutable blocks across a network of computers (nodes). This technology has revolutionized the way we view data security and transparency. As the foundation of cryptocurrencies like Bitcoin, blockchain was initially known as a public network open to all.

However, in recent years, the concept of private blockchain has emerged as an alternative solution that offers greater control and privacy. This article will help beginners understand what a private, permissioned blockchain is, how it works, its advantages and challenges, and how it differs from public types.

How a Private Blockchain Works

At least one group or organization operates this permissioned blockchain. A protocol is needed to ensure the integrity of data and the validation of transactions occurring within the network. This process involves several components, namely: blockchain nodes and the network, a consensus mechanism, and data security and privacy.

Read the full article about What is a Private Blockchain on BeInCrypto Indonesia