gaspersic/freeCodeCamp
1
0
Fork 0
Code Issues Pull Requests Projects Releases Wiki Activity

added details (#21280)

Browse Source
This commit is contained in:
Hassan Khan
2018-11-08 10:09:13 -05:00
committed by Tom
parent cfe829eb8b
commit beb14101f8
1 changed files with 3 additions and 5 deletions
Download Patch File Download Diff File Expand all files Collapse all files

8
guide/english/blockchain/types/index.md
View File

@ -14,7 +14,7 @@ As of now, there are mainly three types of Blockchains that have emerged. These
#### 1. Private Blockchain #### 1. Private Blockchain
Blockchain Technology that is owned by a private party or an organization. It is a decentralized architecture but some powers to make decisions are vested in the hands of person in-charge. Blockchain Technology that is owned by a private party or an organization. It is a decentralized architecture but some powers to make decisions are vested in the hands of person in-charge. This architecture is typically more scalable because there is no need for a consensus algorithm for nodes on the network to agree on the state of the blockchain.
The person in-charge is responsible for giving selective access and permissions such as read/write. The person in-charge is responsible for giving selective access and permissions such as read/write.
@ -22,11 +22,9 @@ Example : Bankchain, Hyperledger
#### 2. Public Blockchain #### 2. Public Blockchain
In this architecture, no one is in-charge. Anyone and everyone can participate in reading, writing, and auditing the blockchain. In this architecture, no one is in-charge. Anyone and everyone can participate in reading, writing, and auditing the blockchain. Public Blockchain is open and transparent and therefore it is open for review by anyone willing to do so, at any given point of time. This architecture requires a consensus algorithm like Proof-of-Work or Proof-of-Stake.
Public Blockchain is open and transparent and therefore it is open for review by anyone willing to do so, at any given point of time. Example : Bitcoin, Ethereum, Litecoin
Example : Bitcoin, Litecoin
#### 3. Federated Blockchain #### 3. Federated Blockchain