SourceLess Hybrid Blockchain (public & private)

PUBLIC & PRIVATE BLOCKCHAIN

— -What is a Public Blockchain?

Everyone and anyone can participate in a Public Blockchain.
However, the question is why would anyone join a public Blockchain? Here comes the incentive that a public Blockchain can provide. Instead, this improves the number of users, improving the health and growth of Blockchain.

For example, miners can participate and provide computing power to solve complex algorithms. By doing so, a transaction or block is exploited. On the other hand, miners are motivated because they receive cryptocurrency for their work. There will always be users and workers in the environment of a public Blockchain to make it work smoothly. Fluidity is important and therefore stimulation maintains it.

— -What is a Private Blockchain?

In a private Blockchain, users must have access to the network before they can use it. Also, access can only be taken from the authority that manages the private Blockchain.

Because it is a private Blockchain, things can change as they like. For example, the administrator may limit transactions based on their nature, speed, or intent. The control here gives the private Blockchain an excellent use case for companies or organizations that want to benefit from the technology of a Blockchain but in a closed environment.

Another thing to note here is that the private Blockchain is not completely closed to public access. They can be accessed according to what the administrator has established.

SourceLess is a Hybrid Blockchain, a mix of both worlds, private and public. This gives organizations better control over what they want to achieve, rather than changing their plans to limit technology.

Read more about SourceLess:
www.sourceless.io