A Guide to Public Blockchain

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A Guide to Public Blockchain We are talking about
blockchain technology and development from past
few years. The blockchain-based applications are
also gaining popularity. There are different
types of blockchain which enterprise and
individual can use according to their need.
Today we are discussing Public Blockchain and how
you can use it. Blockchain in Simple Word The
blockchain technology is a digital distributed
ledger where the peer-to-peer exchange of
information or currency is possible between the
connected networks. In simple word, think of a
huge global spreadsheet that works on millions of
computers. It is distributed, secure and anyone
can change the underlying code and can check
whats going on. It doesnt require powerful
intermediaries to settle the transaction. Well,
these codes are all unique keys gained only for
the purpose and it is not feasible to alter or
duplicate them.
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• What is Public Blockchain?
• The public blockchain as its name proposes is the
  blockchain of the public, which means a sort of
  blockchain which is-' for the general population,
  by the general population and of the general
  population'
• Here no individual is in control and anybody can
  participate in initiating, making and
  scrutinizing the blockchain. It is open and
  transparent thus anybody can survey the data or
  transaction details at a given purpose of time on
  a public blockchain. Decision making occurs by
  different decentralized elements, for example,
  proof of work (POW) and proof of stake(POS) and
  so forth.
• For example, On Bitcoin and Litecoin blockchain
  systems anybody can do the accompanying things
  that make it genuinely public blockchain.
• Bitcoin was the first and is the biggest followed
  by Ethereum based on
• market position. Bitcoin is the digital dollar.
  And there is no formal regulation that comes
  with the intermediaries like banks. It is the
  money held in the digital form.
• On the other hand, Ethereums coin value is
  termed as Ether which is used by investors to
  purchase ICO. Ethereum is more than digital
  currency. It is a strong base and be used to
  develop new programs. Enterprise Ethereum allows
  building decentralized apps on it.
• The storage in public blockchain is limited.
  Bitcoin initially had 1mb per block of
  transactions and it recently upgraded to 8mb
  which is still not sufficient for the monetary
  transaction.
• Well, seeing the potential of the public
  blockchain, it is difficult to predict its future
  in any enterprise transaction. For the
  individual purpose, it is still feasible to use
• public blockchain.
• Public blockchain needs different upgraded
  version, faster speed and most importantly more
  storage for operating on businesses.
• We offer blockchain solutions like ICO launch,
  Smart contract, crypto wallet. In case you want
  to discuss the business based application,
  Contact us for a free consultation.

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