What is Hybrid Blockchain?
A Hybrid blockchain is a blockchain that combines elements of both public and private blockchains. It is designed to reduce the disadvantages of both types of blockchains while maximizing their benefits.
- A hybrid database contains both public and private entries.
- Similar to public blockchains, where anyone is invited to join and participate in the network, public nodes operate similarly to those in those systems. Private nodes, on the other hand, are in charge of validating and checking transactions and are governed by specific organizations or individuals.
- Using private nodes, a hybrid blockchain can process transactions more rapidly and with greater privacy and security. Public nodes provide decentralization and transparency at the same time, making it difficult for one group to maintain control over the network.
- In a hybrid blockchain, the members can decide who can participate in the blockchain or which transactions are made public.
Hybrid Blockchain
The Blockchain is a decentralized distributed database that is shared among computer network nodes. Blockchain can be used in four different ways: Public, Private, Consortium, and Hybrid. The Hybrid blockchain is a revolutionary type of blockchain that is a mix of both worlds, both private and public blockchain.