Both Public and Private Blockchains for businesses are decentralized peer-to-peer networks, where every user preserves a copy of a shared append-only ledger of digitally signed transactions. The key difference between public and private Blockchain is participation i.e. who has access to the network and authority to execute the consensus protocol and maintain the shared ledger. Our team of experts helps you establishing your DLT Apps on blockchain as per your needs.
Private Blockchain is an absolute opposite of public blockchain. It is because many functions that are open to all on a public blockchains aren’t open here to all here .
Here one can’t read/write or audit the blockchain anytime unless one has the permission to do so. In private blockchains, the owner of the blockchain is a single entity or an enterprise which can override/delete commands on a blockchain if needed. That’s why in its true sense it is not decentralized and hence can just be called a distributed ledger or database with cryptography to secure it.