Public vs. Private Blockchains(WEB3 101)
A Tiny Tale 🧵
1/
Two villages use magic books to track everything.
🏙️ In OpenVille (Public Blockchains),
the book lies in the town square.
Everyone can read & write.
It’s slow, but trustless & open.
Think Ethereum, Bitcoin.
2/
🏰 In SecretHold (Private Blockchains),
the book is locked in a vault.
Only trusted folks can use it.
It’s fast, but centralized.
Used by banks, companies.
3/
🔑 TLDR:
Public = open, transparent, anyone can join
Private = closed, controlled, invite-only
Same magic, different rules.
Pick your chain wisely. ⚖️
#Web3 #BlockchainBasics 5 replies
0 recast
7 reactions
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction