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.

Share this with a friend!

Related Terms

When Lambo

An expression used by investors to ask when the value of their investment could buy them a Lamborghini

Reddit r/CryptoCurrency Moon

Moons are a new way for people to be rewarded for their contributions to r/CryptoCurrency

Derivatives

A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)

Privacy Coins

Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.

Hungry for more knowledge?

Back to Glossary or Subscribe to our newsletter.