What is a public blockchain? What are the advantages?
As a synonym for the mainstream, blockchain technology has become the preferred target of many companies' research and development. With the entry of more bigwigs, its name has been known by more and more people. When you take the initiative to understand the blockchain, many terms related to it will often appear in front of you, such as ur protagonist today - the public chain.
The public chain is that any node is open to anyone, everyone can participate in the calculation in this blockchain, and anyone can download and obtain the complete blockchain data (all ledgers). And the open nature of the public chain makes the program developers have no right to interfere with the rights and interests of users. In fact, we can infer from the naming of the public chain: public ownership means public holding. Without relying on official organizations and management agencies, there is no central server, and it is completely dependent on the participants on the chain, and all participants work based on the consensus mechanism. In an open environment, cryptography ensures that transactions are not tampered with, while verification and incentives are performed, and consensus is established in unfamiliar networks to form a decentralized credit mechanism.
Only from the current point of view, the public chain is the most promising blockchain, because it is more in line with the essence of the blockchain. In the next period of time, the public chain is likely to become the next system level. Let's take a look at the advantages of the public chain.
The public chain has the following advantages
(1) Protect users from the influence of developers: In the public chain, program developers have no right to interfere with users, so the blockchain can protect users who use the programs they develop.
(2) Low access threshold: as long as you have enough strength, you can access it. In a word, as long as you have a computer that can access the Internet, then you have the conditions to access it.
(3) All data is disclosed by default: Although all connected participants hide their real identities, this phenomenon is very common. They generate their own security through their publicity, where every participant can see all account balances and all their transaction activity.
Through some of the above descriptions, everyone must have a certain understanding of the public chain. As the most potential existence in the blockchain, it has been developed by many bigwigs. With the continuous upgrading of technology, the public chain will be It has become more perfect, and the surprise it can bring us is far from over. You must know that the value of the Internet that we experience today was born in the late 1960s in the last world