Hello friends of the Hive community, especially to the LeoFinance community, continuing with the information about the blockchain platform, today I come to talk about the types of networks that exist on this platform, I hope you like it and find it very useful.
In this opportunity we are going to know the types of networks among which are the following ones:
Public Networks
They are the networks where everyone can have access, through the creation of a user, these are transparent networks is why the reliability of the data of each user are secret, to participate in this network it is advisable to link a certain number of nodes, where you must download the most updated version of the platform and perform it correctly and safely, In this network there are no administrators, therefore all users share the same rights and duties to perform any transaction, and each transaction is authorized through the random approval of any participant, if the information is inaccurate the other participants could reject it, thus forcing the blockchain to search for more accurate information, these are the most common networks Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Private Networks
In this res there is an administrator who is in charge of approving the blockchain and the transactions proposed by the users, in this environment all the information is controlled by the administrator.
Federated Networks
This is the most common for companies, corporations and public administration very specifically in the "health and finance" sector, because the large number of transactions between different sectors requires greater confidence, since not everyone can access it and only a set of structures, companies and subjects can manage it, keeping track of each record made and making a selection of the information to be provided through the web for stakeholders.
Service Networks
This network not only stores information, but also creates an unconditional means to work without the need to invest in equipment, and gives you the opportunity to have your own platform for blockchain services in the cloud. Some servers are IBM, Amazon, or Microsoft among others.
Thank you very much
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