a.i & blockchain

private blockchain development network

a private blockchain development network requires an offer to validate by the network initiator. it is usually set up by the network validator, where every participant holds the ultimate power to choose who can and cannot be part of the network and perform transaction.

it determines that every new entity will become the dominant player for managing the blockchain in a decentralized manner. the difference between the private and public blockchain work is that the private blockchain networks require authorization from the network starter to give the control access or the transaction rights to the other parties and the private blockchain it enterprise the level of applications by financial and legal industries where the security, scalability and higher tps are important.

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