Private Blockchain

A private blockchain refers to a decentralized network that functions differently from open public blockchain protocols like Ethereum or Bitcoin. It is usually controlled by a single entity and used by large organizations such as enterprises and governments. Private blockchains prioritize access management, censorship control, and enhanced privacy features. While they excel in speed and scalability to cater to the specific requirements of the organization, they do not possess the decentralized nature and security inherent in distributed networks.