Question

Multichain is an example of _______.

Answer 1

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

Answer 2

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.

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