Blockchain network - extrimian/documentation GitHub Wiki

  1. RSKEC Networks

  2. Networks in Blockchain

RSKEC Networks

RSK Enterprise Cloud offers permissioned and permissionless variants of the core Ethereum protocol, allowing for authenticated and identifiable participants to communicate and transact securely in a private setting and also offers public nodes that can be assessed by anyone without rigid authentication.

Networks in Blockchain

There are a variety of questions when researching blockchain for your company and whether you should be using a private blockchain network or a public blockchain network

Public Network

Anyone can enter public chains and run without strict authentication schemes. They are using a computer-based consensus algorithm named Proof of Work (PoW), which protects the credibility of the network by historical reversals that are almost unlikely and not commercially feasible.

Nodes and server pools, which successfully mine blocks on the public chains, obtain the underlying currency of the network like Bitcoin or Ether. However, large levels of scalability and efficiency are lacking in the public chains, and they can be costly.

Private Network

Private networks do not need native currency, but instead depend on powerful authentication mechanisms and rapid consensus algorithms supported by digital signature security. Companies and government agencies are attracted to proprietary, permitted chains to gain the advantages of blockchain without the pressure of public chains, like confidentiality and a decentralized digital network.

Private chains need additional functions for regulation, surveillance, identification schemes, smart contracts and much more but fulfil much of the specifications companies demand in today's competitive environment.

See all of the distinctions between public and private chains in our blog and how you should combine them to improve productivity and efficiency.