The Blockchain Academy Blog

Scalability in Private and Public Blockchain Systems

In many of my posts, we have greatly discussed the blockchain systems potential for a number of industries. We also discussed factors like cost, privacy, data quality and an elimination of the need of third party trusted intermediaries. In this post, which is a continuation in a blockchain article series on www.TheBlockchainAcademy.com[1], we will focus the factor of scalability both for private and public blockchain systems.

Since last year, the idea of private blockchains is rising whenever there is a discussion regarding blockchain technology. Essentially, rather than having an uncontrolled and fully public state machine and network secured by the cryptocurrencies, it is also quite possible to develop a system where access is more strictly controlled, with rights to change or even read the blockchain state limited to a few users, while maintaining a number of partial guarantees of decentralization and authenticity that is provided by blockchain[2]. These systems are the major...

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