Multichain is an example of _______.
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Multichain is by design a private blockchain. As such it is ideally used for internal purposes for instance within the private network of a company. The reason why you cannot find Multichain crypto currencies is that in most cases the currencies are used within an organisation as a form of tokens or something similar.
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by devsa thakur
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Multichain is an example of a private blockchain.
Explanation:
- Blockchain is a crypto company that provides services for a secure transaction between two parties.
- Blockchain is of three types.
- Public blockchain: Example: Bitcoin, Factom, etc.
- Private blockchain: Example multi-chain, block stack, etc.
- Consortium blockchain: Example: Ripple, R3, etc.
- Multi-chain is a type of private blockchain which helps us to create a private and secure transaction.
Learn more about Blockchain
Private Blockchain allows organizations who have privacy and compliance regulations to implement Blockchain.
https://brainly.in/question/5562945
What is blockchain technology?
https://brainly.in/question/4289147
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