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    Blockchain Types

    The type of Blockchain networks differs in who can contribute and who can access the confidential data. The networks are typically described as either public, private, Consortium, and hybrid, depending on how participants grab access to the network.

    "Decide which one is better for your business needs."

    Types of Blockchain Technology?

    Public Blockchain

    A public blockchain is a permissionless, non-restrictive, distributed ledger system. In this kind of blockchain, anyone can sign in to a blockchain platform to become an authorized member to access -records, transactions, and mining details in the blockchain network. It is used for exchanging cryptocurrencies.

    Example: Bitcoin and Litecoin blockchains
    • Fully decentralized
    • Highly censorship-resistant
    • Anyone can join the network

    Private Blockchain

    It is a restricted type of network that requires permission to operate the network. A private blockchain is widely used within businesses or enterprises where only designated members use a blockchain network.Private Blockchain is a more centralized way to secure your data.

    Example: Ripple (XRP) and Hyperledger.
    • Speed
    • Scalability
    • Need permission to join the networks

    Consortium Blockchain

    This type of blockchain network is different from a private network. Managed by more than one organization, Consortium blockchains are semi-decentralized and generally used by banks and government organizations.

    • More efficient
    • Fast
    • Security

    Hybrid Blockchain

    As the name suggests, hybrid blockchain is a blend of the public and private blockchain. With the hybrid network, the users can easily control who gets permission to which data stored in the blockchain network. Only a particular segment of data or records can be allowed to go public section to maintain the privacy of the confidential data in the private network.

    Example: Ripple (XRP) and Hyperledger.
    • Transparency
    • Provides complete Security in transactions
    • Maintains privacy

    Cryptocurrency Development Services

    Cryptocurrencies are considered digital assets that are designed to serve some specific purposes such as; they act as a medium of exchange using cryptography to secure transactions. Also, control the development of subsidiary units of currency. The immense popularity and success of Bitcoin have opened the door for new similar cryptocurrencies. Most of the currencies are created using Bitcoin source code because it is open source and anyone can use them to create their digital currency. However, these currencies will be called Bitcoin clones

    Development Services
    • Crypto Coin Development
    • Cryptocurrency Wallet Creation
    • Mining Crypto Coins
    • Bitcoin Mining Pools
    • ICO Development
    • Exchange Software Development

    Why Choose Us?

    Why Grey MatterZ For Blockchain Development?

    Grey MatterZ is the leading blockchain development company in the USA, offering the best mobile app solutions to boost your business in all industries. We have a team of skilled blockchain developers who have vast experience delivering blockchain app solutions that fit all your business needs.

    • A highly skilled team of developers
    • Provide best Blockchain security solution apps
    • Pay attention to Security
    • Follow a modern blockchain development strategy
    • Custom blockchain app solutions
    • Use Up-to-date Tech stack

    DApp Platforms Transforming Businesses

    List of Blockchain frameworks, languages and platforms our developers use to build scalable decentralized apps:

    yii framework

    How can we help?