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Public Blockchain

By CoinGecko | Updated on Mar 03, 2020
In contrast to permisioned blockchain - where participation and access into the blockchain data requires authorisation, a public blockchain such as Bitcoin is completely is free and available to the public. Anyone can join and view its data. Public blockchain adheres to the original Bitcoin Protocol ethos of not having a central authority to overwrite anyone's authority. Public blockchains are resistance to censorship and foreign interference as it has no single point of failure.

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Related Terms

Stop-loss order
Conditional market order to sell at the next available price, excuted if the price of an asset falls below set-upon limit
HODL
A crypto slang of saying holding the assets rather than selling it. A crypto slang encouraging investors to hold on to their assets rather than selling it.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Testnet
Shorthand for "Test Network", testnets are staging areas for experimenting new blockchain features.
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