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Why LN Blockchain Solutions ?
LN Blockchain Solutions is a trustworthy name for everything blockchain for various reasons. We promote top-notch, original content related to blockchain technology. Our audience consists of thousands of global visitors, including industry experts, decision-makers, developers, product managers, consultants, and other professionals.
Services We Offer
We have a team of blockchain experts who build a variety of applications with smart contract technology networks.
FAQ's
Blockchain a public ledger or a distributed database of all bitcoin transactions. It is an open-source technology, information is immutable and anyone can access the details at any time. As Blockchain is a distributed ledger, there will be no control or central authority of records stored.
By eliminating the middleman, Blockchain permits the secure sharing of business processes like business activities, records and contracts between firms and partners in an encrypted manner. Blockchain Uses cryptography principle to store the data which are impossible to hack, duplicate and misuse. The Transactions will be done on multiple computers in a chain, hence the records are very difficult to alter.
Of course, it is possible. Even Though the public blockchain is open source, we can’t use it to store private records of a business or organization. So, we can leverage the open-source characteristics of the blockchain to build a private blockchain, and after the customization, A business can utilize it to store confidential business data.
1. Public Blockchain - It is a decentralized Open Source platform where anyone who has the internet connection can become a part of the blockchain network and can access current and past records and verify transactions. The purpose of a public blockchain is for mining and cryptocurrency exchanging. Example: Bitcoin, Ethereum 2. Private Blockchain - It is a centralized platform with some restrictions and permissions to join the network. These Blockchains are usually used within an enterprise and organization. The purpose of private Blockchain is voting, supply chain management, digital identity, asset ownership, etc. Example: Hyperledger, Corda 3. Hybrid Blockchain - It is a combination of both public and private blockchain. This Hybrid Blockchain gives businesses the flexibility to choose what data they want to make public and what data to keep private
Somewhat a challenging question to answer. The Cost to Setup a Private Blockchain For a Business will vary based on the requirements, blockchain platforms, technologies, and tools we use. Use nearshore and Offshore Blockchain Development Services to cut short the cost. There are a lot of the best companies in the world and one among them is LN Blockchain Development, the best Blockchain Development Company providing the true and relevant blockchain information about blockchain development costs.