Great video, can you explain a bit more detailed why private blockchains are less safe? Like is it more vulnerable to cyberattacks or just attacks from the “inside”
Nice broad summary of a Public Vs Private Blockchain, thank-you. ) Couple of things I'd like to point out though. I'd disagree that consensus algorithm is not possible in public blockchains. I'd suggest its better to say that ALL blockchains require some kind of mechanism that controls consensus and state of the chain! Proof of Work in the public bitcoin network is certainly a type of Consensus mechanism. Also, on the last point, I think you mean "collusion" instead of "collision"?
Glad it helped you with value Sarang. I'll try my best and create more such valuable content to help you! Thanks for your love, support and appreciation ❤️👍
Hello my friend, I am not offering freelance services right now, but in case, I change my mind in the future, will share the same with you. :) Have a good day!
In other words private blockchain is just an immutable interlinked database with a command centre. That's to say that it is not a blockchain at all. Just adding proof of work and transaction history redundancy does not make a database a blockchain.
Well, my friend, blockchain is a complex technology, but is a simple concept really. You keep trust at the center of it. At a very basic level, blockchains are ledgers shared among computers (nodes) around the world, it is these ledgers which are immutable. Lastly, I'd like to confirm that blockchain is NOT a new technology, but a synching of technologies.
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Thank you. So easy to understand through your video. Only one thing was not clear : not sure what was meant by difference in order of magnitude.
Great video, can you explain a bit more detailed why private blockchains are less safe? Like is it more vulnerable to cyberattacks or just attacks from the “inside”
Thanks for sharing such a good presentation on public vs private blockchain technology... You make everything sound so easy man, keep it up!
Glad to be of help! 😄👍
The way you explain is really adorable ✨✨
Thank you Anna for your love, support and appreciation ❤️👍
P.s. I’m blushing!! 🥰
Nice broad summary of a Public Vs Private Blockchain, thank-you. ) Couple of things I'd like to point out though. I'd disagree that consensus algorithm is not possible in public blockchains. I'd suggest its better to say that ALL blockchains require some kind of mechanism that controls consensus and state of the chain! Proof of Work in the public bitcoin network is certainly a type of Consensus mechanism. Also, on the last point, I think you mean "collusion" instead of "collision"?
To add another point I would also argue about the lesser scalability of public blockchains, since they allow for more nodes to be added
damn, amazing explination man. Didn't expect it to be this clear!!
Helpful Video
Glad it helped you with value Sarang. I'll try my best and create more such valuable content to help you! Thanks for your love, support and appreciation ❤️👍
You explained very well ✨
Glad it was helpful!
Terra anchor was an amazing idea
Pls teach us private blockchain projects
Very interesting video. Is there any bibliography you can recommend or MOOCS regarding private blockchain?
Informative
Thanks Shakeel for your love, appreciation and support buddy ❤️👍
What is meant by magnitude?
Are u doing development? I yes let me know
Hello my friend, I am not offering freelance services right now, but in case, I change my mind in the future, will share the same with you. :)
Have a good day!
In other words private blockchain is just an immutable interlinked database with a command centre. That's to say that it is not a blockchain at all. Just adding proof of work and transaction history redundancy does not make a database a blockchain.
Well, my friend, blockchain is a complex technology, but is a simple concept really. You keep trust at the center of it. At a very basic level, blockchains are ledgers shared among computers (nodes) around the world, it is these ledgers which are immutable. Lastly, I'd like to confirm that blockchain is NOT a new technology, but a synching of technologies.
Lol is this a spoof of whiteboard crypto?
Luna to the MOON