Mastering Blockchain - Second Edition

Tokenless blockchains

These blockchains are designed in such a way that they do not have the basic unit for the transfer of value. However, they are still valuable in situations where there is no need to transfer value between nodes and only the sharing of data among various trusted parties is required. This is similar to full private blockchains, the only difference being that use of tokens is not required. This can also be thought of as a shared distributed ledger used for storing data. It does have its benefits when it comes to immutability, security, and consensus driven updates but are not used for common blockchain application of value transfer or cryptocurrency.

This ends our examination of the various type of blockchain, we'll now ...