NETWORK AND ITS TYPES

CA Rridhee Jain
Mar 12, 2022

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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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CA Rridhee Jain
CA Rridhee Jain

Written by CA Rridhee Jain

CA, CS, AIR 4, Diploma in cyberlaw 7+ degrees, Fintech/Blockchain consultant, AI, ML, Fiama Di wills 2017, Audit ,Inter(National) Speaker, LOA, Graphologist

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