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+--- Thread: What is private blockchain development, and how does it differ from public blockchain (/showthread.php?tid=167400)
What is private blockchain development, and how does it differ from public blockchain - Aanaethan - 01-09-2025
Private blockchain development entails building restricted, permissioned networks in which only authorized users may join. Unlike public blockchains, which are open and decentralized, private blockchains are controlled by a single company or set of businesses. This makes them speedier, more scalable, and more suited to corporate applications like supply chain management, finance, healthcare, and identity verification.
Key difference:
- Private Blockchains - Controlled access, more privacy, and faster transactions, specifically intended for corporate operations.
- Public Blockchains - Open to anyone, decentralized governance, completely transparent, suitable for cryptocurrency and community-driven projects.
In short, private blockchains prioritize efficiency, security, and company control above complete decentralization.