What is a private blockchain network?
A private blockchain network is a type of blockchain network that is controlled by a single organization or group of organizations, rather than being open to the public like a typical public blockchain network. Private blockchain networks are also sometimes referred to as permissioned blockchains. In a private blockchain network, access to the network and the ability to validate new transactions and add blocks to the blockchain ledger is restricted to a limited set of participants who have been granted permission by the network administrators. This makes private blockchain networks different from public blockchain networks, which are open to anyone who wants to participate. Private blockchain networks can be used by organizations for a variety of purposes, such as securely tracking supply chains, managing digital assets, or recording inter-organizational transactions. Because they are controlled by a limited set of participants, private blockchain networks can offer higher levels of pr...
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