Understanding Public Blockchain: The Backbone of Decentralized Technology

In the rapidly evolving world of digital innovation, blockchain technology has emerged as a game-changer across industries. From cryptocurrencies and NFTs to supply chain management and decentralized finance (DeFi), blockchain is transforming how data is stored, shared, and secured. At the heart of this transformation lies the concept of a Public Blockchain — a powerful system that promotes transparency, security, and decentralization. What is a Public Blockchain? A public blockchain is a type of distributed ledger that is open to everyone. Anyone can join the network, view the data, and participate in the consensus process that validates transactions. It operates on the principles of decentralization, transparency, and trustlessness, meaning it does not rely on a central authority to function. Well-known examples of public blockchains include Bitcoin, Ethereum, Solana, and Polkadot. These platforms support various applications ranging from simple peer-to-peer ...