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Help Center

What do public chain, consortium chain and private chain mean?

According to the access mechanism, blockchain can be divided into three basic types: Public Block Chain, Consortium Block Chain and Private Block Chain.

(1) Public chain

The public blockchain is the earliest blockchain. As the name suggests, it is public, open, and the most widely used blockchain. The public chain is the blockchain with the highest degree of openness and the highest degree of decentralization. Its data update, storage and operation do not depend on a centralized server, but on every node on the network, which means The data on the public chain is jointly recorded and maintained by thousands of network nodes on the global Internet, and no one can tamper with the data.

In the public chain, every participant has the right to access the distributed ledger, every record is not monitored and regulated by any organization, program development organizations and personnel have no right to interfere with users, the blockchain can protect its users, and the public chain relies on encryption technology To ensure its security, it is generally suitable for B2C, C2C or C2B application scenarios such as cryptocurrency, bulk-oriented e-commerce, and Internet finance.

(2) Alliance chain

A consortium chain refers to a blockchain whose consensus process is controlled by pre-selected nodes. Multiple pre-selected nodes are designated as bookkeepers within a group. The generation of each block is jointly determined by all pre-selected nodes (pre-selected nodes participate in the consensus process.) ), other access nodes can participate in transactions, but do not ask about the bookkeeping process (essentially, it is still managed bookkeeping, but it becomes distributed bookkeeping), and anyone else can make limited queries through the open API of the blockchain.

The alliance chain is limited to the participation of alliance members, and the read and write permissions on the blockchain are formulated according to the rules of the alliance. The alliance chain network is jointly maintained by member institutions, and network access is generally accessed through the gateway nodes of member institutions. The alliance chain platform should provide security management functions such as member management, authentication, authorization, monitoring, and auditing. A consortium chain is a blockchain that requires registration and permission, and its consensus process is controlled by pre-selected nodes. Generally speaking, it is suitable for B2B scenarios such as inter-institutional transactions, settlement or clearing. For example, the system of payment, settlement and settlement between banks can use the form of alliance chain to use the gateway nodes of each bank as the accounting node.

(3) Private chain

The private chain is not open to the outside world, and only authorized nodes can participate and view the blockchain type of data. The typical application of private chain is the blockchain developed by the central bank to issue central bank digital currency. This chain can only be recorded by the central bank, and it is impossible for individuals to participate. There are also some large companies that are working on private chains, such as Alibaba, Baidu, JD.com, etc. They mainly focus on the role of blockchain in data security, supply chain and other industry pain points.

Different from the complete decentralization of the public chain, the private chain is a blockchain with certain centralized control. The read and write permissions of the private chain are controlled by an organization and institution. Read permissions are either open to the outside world, or restricted to any degree. Relevant applications can include database management, auditing or even a company. Conservative giants (traditional finance) all want to experiment with private blockchains, while the applications of public chains such as Bitcoin have been industrialized, and the application products of private chains are still being explored.

BTC
Shut Down
Issue amount 21000000
24 hours volume 2.35M
24 hours turnover $ 47.10B
Market Direction Long
Panic Index 25 (Extreme panic)
Swap Rate 12.29%
Market Value Proportion 39.64%
market value $ 2,092.55 x 100 million
24 hour increase 0.14%
Computing power 251.82 EH/s
daily output 0.00000401 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+88.93%
ETH
Shut Down
Issue amount 121630728
24 hours volume 15.38M
24 hours turnover $ 20.71B
Market Direction Long
Swap Rate 12.54%
Market Value Proportion 16.98%
market value $ 816.40 x 100 million
24 hour increase -0.73%
Computing power 855.24 TH/s
daily output 0.00001549 ETH / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+372.30%
LTC
Shut Down
Issue amount 84000000
24 hours volume 6.92M
24 hours turnover $ 378.93M
Market Direction Long
Swap Rate 9.71%
Market Value Proportion 0.40%
market value $ 22.76 x 100 million
24 hour increase -0.49%
Computing power 473.24 TH/s
daily output 0.00001567 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-9.65%
DASH
Shut Down
Issue amount 18900000
24 hours volume 575.19K
24 hours turnover $ 24.14M
Market Direction Long
Swap Rate 5.26%
Market Value Proportion 0.04%
market value $ 3.68 x 100 million
24 hour increase -9.17%
Computing power 2.20 PH/s
daily output 0.00025654 DASH / G
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-61.40%
DCR
Shut Down
Issue amount 21000000
24 hours volume 32.97K
24 hours turnover $ 870.50K
Market Direction Short
Swap Rate 0.22%
Market Value Proportion 0.03%
market value $ 2.51 x 100 million
24 hour increase -5.24%
Computing power 79.94 PH/s
daily output 0.00000411 DCR / G
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-88.36%
ZEC
Shut Down
Issue amount 21000000
24 hours volume 670.31K
24 hours turnover $ 37.93M
Market Direction Short
Swap Rate 4.35%
Market Value Proportion 0.08%
market value $ 5.35 x 100 million
24 hour increase -7.05%
Computing power 10.10 GH/s
daily output 0.00028063 ZEC / K
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+67.77%
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