What Is A Hybrid Blockchain And Why You Need To Know About It?
By Tom Zilavy on ALTCOIN MAGAZINE
With the rapid development in the world of blockchain, we can observe 2 ‘camps’ arising. On one side of the trench, there is a big community of supporters of public blockchain arguing for decentralization. On the other side, there is a community (mostly corporates and their clients) that supports private blockchain operated mostly by a single entity with its permissions.
As it was with the cloud in the past (many say that blockchain actually is the ‘new cloud’), this gives rise to a new approach in the form of the hybrid blockchain.
Let’s first dive into the two already established options before we get to an alternative solution for scaling companies — the hybrid blockchain.
Public Blockchain
This is probably the type of blockchain you are the most familiar with. It has several specific characteristics and pitfalls:
- It is open to the public. Anyone can join this type of blockchain. The only thing one needs is a client (a wallet) that enables the user to receive, send and store digital…
