What is a blockchain network?

One Explanation of Blockchain Network

You can imagine blockchain as a super large notebook that doesn’t exist on one computer, but is scattered across many computers, known as a ‘distributed ledger’. This means that if someone wants to modify the information inside, they must simultaneously modify all the information on the computer, which is almost impossible, so the information is very secure.

The blockchain network is a system that allows different computers (or nodes) to work together, ensuring that the information seen by everyone is consistent. In this network, there is a tool called “smart contract” that can help automate tasks, such as automatically transferring money to others when you meet certain conditions.

Blockchain networks can be used to track many things, such as the status of orders, account balances, payment status, and even production progress. Because all participants can see the same information, they can trust each other’s information more and collaborate more efficiently.

As for how many types of blockchain networks there are, they can be roughly divided into three categories: public, private, and consortium.

II The main characteristics of blockchain technology

The main differences between public, private, and consortium blockchains are listed below:

Public Blockchain

• Participation method…