A hybrid blockchain combines elements of both public and private blockchains. This approach allows for flexibility, offering varying levels of access and transparency depending on the needs of the users.In a hybrid blockchain, some data is accessible to everyone, while other parts are restricted to specific participants. This dual structure enables organizations to maintain privacy for sensitive information, while still benefiting from the transparency and security features of a public blockchain.One common use case for hybrid blockchains is in industries where regulatory compliance is essential, such as finance and healthcare. Here, organizations can ensure that certain data remains confidential while still allowing for auditing and verification processes.By integrating the advantages of both types, hybrid blockchains can provide a balance of security, transparency, and control, making them appealing for businesses looking to innovate without sacrificing data integrity or privacy.
Russia Grants Banks Limited Approval to Handle Cryptocurrencies
Russian banks will be allowed to conduct cryptocurrency operations under strict conditions, the Central Bank announced Friday, marking a cautious