Course Content
Basic components of Blockchain technology
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Relevant techniques in blockchain technology
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Consortium Blockchain
A consortium blockchain is a type of blockchain network where several organizations or entities work together to maintain the network. Unlike public blockchains where anyone can participate, and private blockchains where a single entity controls the network, consortium blockchains offer a middle ground.
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Cryptocurrency Investing Course
    About Lesson

    Disadvantages of Private Blockchain

    • Private blockchains are less secure than public blockchains. Private blockchains are only as secure as the people who have access to them.
    • Private blockchains are less transparent than public blockchains. Private blockchains are subject to the whims of their owners, who can choose to make them as transparent or opaque as they please. 
    • Private blockchains are less decentralized than public blockchains. Private blockchains are centrally controlled by their owners, who can choose to make them as decentralized or centralized as they please. 
    • Private blockchains are less accessible than public blockchains. Private blockchains are only accessible to those who have been granted permission to do so by the owner of the blockchain. 
    • Private blockchains are less scalable than public blockchains. Private blockchains are subject to the limitations of their underlying infrastructure, which can make them difficult to scale.