Greetings my fellow steemains all over the world,
Hope all is working in progress, i'm so happy to participate in this task, all thanks to professor @stream4u for this well detailed task,
QUESTIONS ;
- What Is Public Chain
- What will be the Advantages
and Disadvantages of Public Chain
PUBLIC CHAIN
PUBLIC CHAIN
WHAT IS PUBLIC CHAIN
When you hear someone talking about Public chain, bear it in mind that he or she is referring to (public blockchain) the both are one,,
From the name suggested, {public }
Its regarding to a whole number people or you can say, its something general, and it involves many persons,
comparably, ( Public blockchain is just the chain that was made for the public or general like i said before, and it has no limitation towards the users or participants with the support of information server,
So for that, users can access the system any time they want, without the control or command of the middleman/ authority, every participant has the ability to access his / her data which is unchangeable,
WHAT WILL BE THE ADVANTAGES AND DISADVANTAGES OF PUBLIC CHAIN
ADVANTAGES OF PUBLIC CHAIN
- IT'S SAFE FOR USERS👇
According to the current rate of an account being hacked online,
Public chain or public blockchain provides its users or participants with the high rate of security, which will be more difficult to hack,
- COMPENSATE👇
However if a user or a participant produces it block and connect the chain,
instinctively, it evolves to be unchangeable or irradicable, owing to the fact that it's compensable and would be reconciles or changed alongside the invention of a current blockchain together with divergent entries,
- GENUINELY DECENTRALIZED👇
There is no central / middle authority that controls or maintain the network, it works as a dispense system, which many users or participants possesses a duplicate of the accounts or records.
- NO RULE OR LAW REQUIRED👇
In the public chain no particular law or regulations are required, a user can build or produce this podium devoid of any restriction, and its perfect for users while the blockchain is not restricted to the network,
- ANONYMOUS CONSUMER👇
The most justifications of the public blockchain has attracted so many fans, owing to the fact of it secrecy nature,
Truly, its a trusted system where you can run transactions easily, and legitimately. simultaneously, you are not forced to show your true identity to the system,
And as long as your identity is highly secured in the system, no one can track you down,
DISADVANTAGES OF PUBLIC CHAINS
- ASSETS OR RESOURCE DISPUTE👇
The public chain requires enough resources, so as enable the system to process well, it may require expansion within active consumption of the network.
- LOW ELASTICITY👇
It would be arduous or difficult for numerous transactions to process on the public chain, owing to the fact that too many consumers are detected within the network, as long as the consumer keeps producing it's chains, it will also result to a low breakdown to the network or system,
- MODIFICATION👇
within the public chain, the capacity to modify to the new ailment of the network can be arduous, owing to the fact of the expand rate of consumers presence,
SPEED FIRMNESS👇
The public chain speed rate happens to be low or slow, for instance, lets say a specific public chain can process transactions within a speed rate of 5.4 in a seconds, the private chain may process a transaction at the speed rate of 2100 within a seconds in it network,
CONCLUSION
The Public chain or public blockchain provides its users or participants with the high rate of security, and it keeps the users data or information's secure,
My special thanks to Professor @stream4u for this wonderful lecture,