Technical Content Writer, currently writing content for House of Bots. ...
Full BioTechnical Content Writer, currently writing content for House of Bots.
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6 Myths about Blockchain and Cryptocurrency That You should Disregard Today
- Blockchain is Bitcoin
- Blockchain is only of one type
- Public Blockchain: Public Blockchain is open to the general public and is transparent in nature. : Anyone can read, write and audit a public blockchain. Anyone can review anything in a Public Blockchain.
- Private Blockchain: A Private Blockchain is not open and transparent for the public but between the individuals who are in charge. The only selected group of people can read, write and audit a Private blockchain
- Consortium or Federated Blockchain: A group of companies or business individuals takes control of a Consortium or Federated Blockchain. The Consortium or Federated Blockchain is made for the individuals or businesses working together for some benefits or decisions. Here Members of the consortium can read, write and audit the blockchain and make transactions/decisions.
- 'Cryptocurrency and Blockchain Are used in Finances only
- Blockchain Is used for Storage of data
- Blockchain is 100% secure
- Blockchains are not reliable