TheDinarian
News • Business • Investing & Finance
What are the 4 Types of Blockchain Technology?
August 18, 2023
post photo preview

What are the 4 Types of Blockchain Technology?

Blockchain technology has emerged as a game-changer in various industries, offering unparalleled security, transparency, and efficiency. However, not all firms have the same requirements when it comes to adopting blockchain.

Developers have crafted various blockchain types to meet organizations’ diverse needs.

In this article, we will explore “What are the 4 Types of Blockchain Technology?”: public blockchain, private blockchain, hybrid blockchain, and consortium blockchain. Let’s dive in and understand each type in detail.

Overview

Blockchain, in its essence, is a decentralized database that is shared among computer network nodes. It enables the secure recording and verification of transactions using cryptographic hashes and a distributed ledger.

The technology eliminates the need for a central authority, ensuring data integrity and preventing fraud and data tampering.

What is Blockchain?

Blockchain is a decentralized database that allows for the secure recording and verification of transactions.

It operates on the principle of a distributed ledger, where transactional data is divided into blocks and linked together using cryptographic hashes.

This unique ID ensures data integrity and prevents tampering or unauthorized changes. Blockchain technology has gained popularity due to its ability to eliminate the need for intermediaries, increase transparency, and enhance security.

Why Do We Need Different Types of Blockchain?

Different organizations have distinct requirements when it comes to blockchain technology.

While some may prioritize openness and transparency, others may require more control over their network. To cater to these diverse needs, different types of blockchains have been developed.

Each type offers specific characteristics and benefits, allowing organizations to choose the most suitable option for their operations. Let’s explore the 4 main types of blockchain technology in detail.

 

What are the four Types of Blockchain Technology?

Public Blockchain

A public blockchain, also known as a permissionless blockchain, is a distributed ledger where anyone with an internet connection can join and conduct transactions.

It is a non-restrictive form of blockchain, with each participating node having a copy of the entire blockchain.

This openness allows for transparency, as all authorized nodes can access and verify transactions.

Public blockchains often use consensus algorithms like Proof of Work (PoW) or Proof of Stake (PoS) to validate transactions and secure the network.

Advantages of the Public Blockchain:

  • Trustable: Public blockchains use consensus algorithms to ensure the authenticity of transactions and prevent fraud.
  • Secure: A large number of participants in a public blockchain makes it highly secure, as hacking the entire network requires tremendous computational power.
  • Open and Transparent: Public blockchains provide transparency, as all authorized nodes have access to the blockchain records.

Disadvantages of the Public Blockchain:

  • Lower TPS: Public blockchains have a lower transaction processing speed as the consensus algorithms require time to validate transactions.
  • Scalability Issues: As the network expands, the processing speed of public blockchains decreases, posing scalability challenges.
  • High Energy Consumption: Proof of Work consensus algorithms, used in public blockchains like Bitcoin, consume significant energy. Energy-efficient consensus methods are essential for the future of public blockchains.

Uses of the Public Blockchain:

  • Cryptocurrencies: Public blockchains like Bitcoin and Ethereum are widely used for mining and exchanging cryptocurrencies.
  • Notarization: Public blockchains can be used for creating a fixed record with an auditable chain of custody, such as electronic notarization of documents.
  • Social Support Groups: Organizations built on transparency and trust, such as social support groups, can benefit from the openness of public blockchains.

Private Blockchain

Private blockchains, often called permissioned blockchains, function within closed networks or under the control of a single organization.

In contrast to public blockchains, private blockchains are confined to a chosen group of participants.

Additionally, these participants are granted access to the blockchain network, which is often password-protected.

Private blockchains provide organizations with more control and privacy over their data, making them suitable for internal operations.

Advantages of Private Blockchain:

  • Speed: Private blockchains outpace their public counterparts in transaction processing speed due to their restricted node count.
  • Scalability: Organizations can easily scale their private blockchains to meet their specific requirements, making them highly scalable.

Disadvantages of Private Blockchain:

  • Trust Building: In a private blockchain, trust extends only to participating nodes, which the controlling organization pre-approved.
  • Lower Security: Private blockchains are more vulnerable to security breaches compared to public blockchains as they have a smaller number of nodes.
  • Centralization: Private blockchains require a central Identity and Access Management (IAM) system, which can limit decentralization.

Uses of Private Blockchain:

  • Supply Chain Management: Private blockchains can be used to manage supply chain operations within an organization, ensuring transparency and trust.
  • Asset Ownership: Private blockchains can track and verify asset ownership, providing a secure and auditable record.
  • Internal Voting: Private blockchains can enable internal voting processes within organizations.

 

Hybrid Blockchain

Hybrid blockchain combines the features of both public and private blockchains, offering the best of both worlds.

Furthermore, it allows organizations to create a private, permission-based system alongside a public, permissionless system.

Hybrid blockchains maintain private transactions and records, yet validation is possible via smart contracts when needed.

Advantages of Hybrid Blockchain:

  • Secure: Hybrid blockchains operate within a closed environment, preventing external attacks on the network.
  • Cost-Effective: Hybrid blockchains provide privacy while allowing communication with third parties. Transactions are inexpensive and quick, with better scalability than public blockchains.

Additionally, here are the disadvantages of Hybrid Blockchain:

  • Lack of Transparency: Hybrid blockchains may lack full transparency as certain information can be hidden from public view.
  • Less Incentive: Upgrading a hybrid blockchain can be challenging, and users may have little incentive to participate in or contribute to the network.

Uses of Hybrid Blockchain:

  • Real Estate: Real estate companies can use hybrid blockchains to run their systems privately while offering certain information, such as property listings, to the public.
  • Retail: Hybrid blockchains can streamline retail processes, ensuring secure and transparent transactions.
  • Highly Regulated Markets: Industries like banking, which operate in highly regulated environments, can benefit from the privacy and security of hybrid blockchains.

Consortium Blockchain

Consortium blockchain, also known as federated blockchain, involves multiple organizations collaborating on a decentralized network.

Additionally, unlike public or private blockchains, consortium blockchains require consensus among predetermined nodes.

These nodes are responsible for initiating, receiving, and validating transactions within the network.

Advantages of Consortium Blockchain:

  • Secure: Consortium blockchains offer enhanced security, scalability, and efficiency compared to public blockchains.
  • Access Controls: Consortium blockchains provide access controls, allowing organizations to determine which nodes can validate transactions.

Disadvantages of Consortium Blockchain:

  • Lack of Transparency: Consortium blockchains may have lower transparency compared to public blockchains, and a security breach can compromise the network’s functionality.
  • Centralized Governance: Consortium blockchains require a centralized governance structure, which provides administrative and monitoring capabilities.

Uses of the Consortium Blockchain:

  • Banking and Payments: Banks can form a consortium blockchain to collaborate on secure and transparent transactions.
  • Research: Research organizations can use consortium blockchains to share data and outcomes securely.
  • Supply Chain Management: Consortiums of organizations can utilize blockchain to track and verify supply chain operations.

 

Conclusion: What are the four Types of Blockchain Technology?

In conclusion, the 4 different types of blockchain technology cater to the diverse needs of organizations.

Furthermore, public blockchains offer openness and transparency, while private blockchains provide control and privacy.

Additionally, hybrid blockchains combine the benefits of both public and private blockchains, and consortium blockchains allow collaboration among multiple organizations.

Understanding the characteristics and use cases of each type is crucial for organizations to choose the most suitable blockchain for their operations.

As blockchain technology continues to evolve, it will reshape industries and revolutionize the way we conduct transactions and manage data.

Link

 

 

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
September 07, 2025
Utility, Utility, Utility

🚨Robinhood CEO - Vlad Tenev says: “It’s time to move beyond Bitcoin and meme coins into real-world assets!”

For up to date cryptocurrencies available through Robinhood:
https://robinhood.com/us/en/support/articles/coin-availability/

00:00:24
September 06, 2025
3 Companies Control 80% Of U.S. Banking👀

3 companies. 80% of U.S. banking. You need to know their names.

Watch us break it down in the latest Stronghold 101

00:03:58
September 06, 2025
We Have Been Lied To, For Far To Long!

Impossible Ancient Knowledge That DEBUNKS Our History!

Give them a follow:

Jays info:
@TheProjectUnity on X
youtube.com/c/ProjectUnity

Geoffrey Drumms info:
@TheLandOfChem on X
www.youtube.com/@thelandofchem

00:18:36
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Pyth Network DAO

Beyond revenue, the Phase 2 proposal asks for the DAO to consider whether and how the network can deliver value back to the community.

This new product could fuel the DAO, and the DAO should consider whether it wants to support buybacks, rewards, and strengthening the network for all stakeholders.

Looking ahead to Phase 3: Total market coverage.

→ 200–300 new symbols added each month
→ 3K+ by year-end, 10K+ in 2026
→ Complete coverage across: trading venues, OTC markets, permissioned & unpermissioned DeFi

Pyth will become the most comprehensive financial data layer in the world.

https://x.com/PythNetwork/status/1963255788698484942

🚨BREAKING: Ledger CTO Charles Guillemet warns of a supply chain attack in the JavaScript ecosystem after an NPM account compromise.

He advises users to carefully verify every transaction if using a hardware wallet, and to avoid on-chain transactions entirely if they don’t.

Stay safe.

https://x.com/CoinDesk/status/1965110299456847944

$ETH ETF outflow of $96,700,000 🔴 yesterday.

BlackRock sold $192,700,000 in Ethereum.

post photo preview
post photo preview
The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto Donations👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals