Read to learn more about the difference or advantages of a Private Blockchain over a shared/distributed database.

By Ken(Crypto Reporters) | One of the greatest coin Hydro | 31 Jul 2019

The difference or advantages of a Private Blockchain over a shared/distributed database.

Private blockchain:

Advantages;
-High TPS: large spikes in transaction costs are unlikely
-Trust (both a pro/con)
-Reliable: can maximize uptime/transaction speeds

Disadvantages;
-money: requires far more money to add nodes to a private blockchain. Networks like BTC/ETH, anyone can go and become a node to add to the network. Private blockchains can't scale as well.
-Highly prone to manipulation: trasnactions can be changed, users can be blocked, etc.

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Public Blockchain:

Advantages;
-immutable: nothing on the network can be changed
-transparency: anyone in the world can go and read transactions, and be a part of the consensus process- whether it's PoW, PoS, BFT, etc.
-Decentralization: No single party can control/edit a blockchain.

Disadvantage;
-TPS: some public blockchains aren't very scalable yet (key word here is 'yet')
-Transaction cost: sometimes gas fees can be extremely expensive. Back in 2017 sending BTC could cost $20-30. It's far less now (less than $1 usually), but during high level of consumption, it can be more expensive. These costs are quickly decreasing as well on pretty much all of the networks because of scalability solutions.

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