Public Blockchain

Добавил пользователь CoinGecko | 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

Mining Reward
The reward resulting from contributing computing resources to process transactions
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
State Channel
Secondary payment channel occuring off-chain
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