Blockchain is the most exciting innovation, and it is still popular in the cryptocurrency space. In the past few years, the industry has also recognized the impact of blockchain on their business model operation and management. Although blockchain technology works seamlessly in its native form, most of its business needs never fit the one-stop-shop solution. Hence, we have several versions of the blockchain network. Let's first understand their characteristics so that we can understand the comparison between some of the popular blockchain models in detail:
- Permission restrictions: This defines the eligibility of transaction processors to create or block the existing ledger. In this context, the following two models exist:
- Permissioned blockchain: In this model, transactions processing can only be performed by preselected users...
