Let’s classify the Network into 3 categories -

  1. Public Network

An open platform where anyone can read or write on the platform,

consensus shall be provided by proof of work.

2. Permissioned Network

As the word suggests, It offers selective transparency where only selected nodes will enjoy the right to access only the selected players can provide consensus on that transaction.

3. Private Network

Where only chosen players have the right to join the network which creates a closed-loop environment.

WEB 3.0 empowers the financial wellbeing of data, business models, regulation, and emerging technology.

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RIDDHI JAIN

RIDDHI JAIN

Chartered Accountant in the Cryptocurrency space evolving with world, Financial Tax advisory, Content writer by choice, Fin-tech, Researcher, Learner!