Hybrid blockchain

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Greetings to you all!

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Hybrid blockchain is a type of blockchain which is used for combining elements of public and private blockchains which offers flexibility, scalability and security. This is a fusion which is used for enabling businesses for leveraging benefits of both types of blockchain.

Hybrid blockchain have different characteristics like these have permissioned and permissionless both types of access.These have more scalability and high throughput of transactions as well as there are more enhanced features present in these types of blockchain.At last these operates on customized consensus mechanism.

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Hybrid blockchains are advantageous in terms of providing flexibility which is used for supporting different use cases.It is also used for providing scalability which is used for handling of high volumes of transactions and hybrid blockchain also provides more security so hence it is also protecting sensitive information.Another benefit of hybrid blockchain is that it provides customizability so in this way it is tailoring consensus mechanism.At last hybrid blockchain are providing more interoperability which makes seamless integrity with other blockchains.

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I want to talk about now special use cases of hybrid blockchain so first of all it has a special use case in supply chain management, in management of health records,in financial institutes such as in banks as well as in insurance,in government services like for the purpose of voting and at last hybrid blockchain has its use cases in enterprise solutions like inventory management.

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About architecture of hybrid blockchain we have public blockchain like Ethereum first of all for providing transparency.When I talk about private blockchains then these are hyper ledger fabric as an example which store data in secure way and then there are interoperability protocols that are used to provide a seamless interaction.

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There are different consensus mechanism which hybrid blockchain use and these mechanisms are proof of work,proof of stake ,delegated proof of stake as well as byzantine fault tolerance. Now I want to give example of some of the hybrid blockchain so here is explanation below;

• Corda platform enterprise a focused hybrid blockchain.
• Polkadot is another interoperable hybrid blockchain platform.
• Cosmos is another most scalable hybrid blockchain.
• Binance smart chain is another hybrid blockchain for decentralized finance apps.

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There are different challenges of hybrid blockchain which I am explaining below;

• It is challenging to balance public and private aspects.
• It is challenging to balance public and private aspects.
• It is difficult to ensure interoperability.
• It is challenging to maintain scalability and security.
• It is challenging to maintain regulatory compliance.

In future development hybrid blockchain are important for enhancement of interoperability protocol as well as for improvement of scalability solution as well as for advancement of security features future development are increasing day by day.

Hybrid blockchains are useful for offering one of the most flexible, scalable and safer solutions for different industries.When we combine public and private blockchains then businesses may give leverage to hybrid blockchain solutions for enhancement of transparency and security.That was a brief conclusion of knowledge I have about hybrid blockchain.

Have a blessed day