12
Setting Up Ethereum Private Chain
In this chapter, we will move our focus to Private Ethereum. Private blockchains are designed to be accessible only to a select group of participants, rather than being open to the public. The purpose of private blockchains can vary depending on the specific use case and requirements of the participants involved. Some common purposes of private blockchains include the following:
- Business and Enterprise Use
- Consortium and Multi-Party Collaborations
- Data Privacy and Security
- Customized Governance and Consensus Models
- Regulatory Compliance
Private blockchains can offer advantages to developers in terms of customization, flexibility, faster transactions, enhanced privacy, reduced regulatory burden, controlled ...
Get Learn Ethereum - Second Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
