Types of Blockchain Explained | Public vs Private vs Hybrid Blockchains

Published on January 12, 2021

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Learn about the types of blockchains in cryptocurrency, and the key differences between private blockchain, public blockchain and hybrid blockchain.

Blockchain overview :
Blockchain is a specific type of database. It differs from a typical database in the way it stores information; blockchains store data in blocks that are then chained together.
As new data comes in it is entered into a fresh block. Once the block is filled with data it is chained onto the previous block, which makes the data chained together in chronological order.Different types of information can be stored on a blockchain but the most common use so far has been as a ledger for transactions.
In Bitcoin’s case, blockchain is used in a decentralized way so that no single person or group has control—rather, all users collectively retain control.
Decentralized blockchains are immutable, which means that the data entered is irreversible. For Bitcoin, this means that transactions are permanently recorded and viewable to anyone.

Video Walkthrough:
0:00 Introduction to Blockchain & Bitcoin
0:56 What is a Public Blockchain Explained
1:53 What is a Private Blockchain Explained
2:40 What is a Hybrid Blockchain Explained
3:29 Public vs Private vs Hybrid Blockchain: Conclusion

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What Are The Different Types Of Hybrid Blockchains

What Are The Different Types Of Hybrid Blockchains, Types of Blockchain Explained | Public vs Private vs Hybrid Blockchains.

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