A
private blockchain is a type of blockchain network that is restricted to a specific group of participants, offering greater privacy and control compared to public blockchains. In a private blockchain, only authorized entities can access and validate transactions, making it suitable for businesses that require secure, confidential transactions. Private blockchains are often used for enterprise applications, supply chain management, and financial transactions where privacy, scalability, and security are essential. They provide the benefits of blockchain technology while offering controlled access and governance by a centralized authority.
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