A private blockchain is a type of blockchain that operates with restricted access and is typically used within an organization or consortium of entities. Unlike public blockchains, where anyone can participate, private blockchains require permission to join. Participants are usually known and trusted entities, making private blockchains suitable for use cases like supply chain management, voting systems, and inter-organizational processes. Privacy and control are key advantages of private blockchains, but they sacrifice some decentralization and censorship resistance compared to their public counterparts. Understanding the distinction between public and private blockchains is essential for choosing the right technology for specific applications.
Private Blockchain
CRYPTO GLOSSARY
Blockchain
- Altcoin
- Block
- Blockchain
- Confirmation
- Cross-Chain
- Crypto Glossary
- Cryptocurrency
- Cryptography
- Custodial Wallet
- dApp (Decentralized App)
- Decentralization
- Decentralized Autonomous Organization (DAO)
- Decentralized Finance (DeFi)
- ERC-20
- ERC-721
- Ether (ETH)
- Fork (Blockchain Fork)
- Gas (Ethereum Gas)
- Gas Limit
- Gwei
- Hardware Wallet
- Immutable
- Immutable Ledger
- Mining (Cryptocurrency Mining)
- Mining Pool
- Node
- Non-Custodial Wallet
- Open-Source
- Oracle
- Oracles (Blockchain Oracles)
- Private Blockchain
- Private Key
- Proof-of-Stake (PoS)
- Public Key
- Public Key Infrastructure (PKI)
- Richard Heart
- Satoshi Nakamoto
- Seed Phrase (Recovery Phrase, Seed Words)
- SLIP-0039
- Smart Contract
- Smart Contract Audit
- Stablecoin
- Token
- Tokenomics
- Validator
- Vitalik Buterin
- Wallet Address
- Whitepaper
Crypto Finance
- Airdrop
- All Time High (ATH)
- All Time Low (ATL)
- Bitcoin
- Cardano (ADA)
- Chainlink (LINK)
- Circulating Supply
- Crypto Glossary
- Dogecoin (DOGE)
- ERC-20
- ERC-721
- Ether (ETH)
- Fake Airdrops
- Gas Limit
- Gwei
- HEX
- Hodl
- KYC (Know Your Customer)
- Liquidity
- Litecoin (LTC)
- Market Cup
- Monero (XMR)
- Polkadot (DOT)
- PulseChain (PLS)
- PulseX PLSX
- Richard Heart
- Ripple (XRP)
- ROI (Return On Investment)
- Satoshi
- Satoshi Nakamoto
- Stellar (XLM)
- STO (Security Token Offering)
- Tezos (XTZ)
- Trading
- Trading Pair
- Volatile (Volatility)
- Volatility
- Wallet Address
- Wei
- Whale
- Whitepaper
- Yield Farming
- Zero-Knowledge Proofs (ZKPs)
- zk-SNARK
Crypto Security
- All Time Low (ATL)
- BIP-39
- Confirmation
- Crypto Glossary
- Cryptography
- Cryptojacking
- Custodial Wallet
- Decentralization
- Decentralized Private Network (DPN)
- Fake Airdrops
- Hardware Wallet
- Immutable
- KYC (Know Your Customer)
- Malware
- Open-Source
- Passphrase
- Pharming
- Private Key
- Public Key
- Public Key Infrastructure (PKI)
- Seed Phrase (Recovery Phrase, Seed Words)
- Shamir Backup (Shamir’s Secret Sharing)
- SLIP-0039
- Smart Contract Audit
- Trojan
- Two-Factor Authentication (2FA)
- Virtual Private Network (VPN)
- Wallet
- Wallet Address
- Zero-Knowledge Proof (ZKP)
- Zero-Knowledge Proofs (ZKPs)
- zk-SNARK