Overview
Public blockchains are decentralized networks that operate on a global scale. They are maintained by a community of users rather than a single organization.
Characteristics
- Fully Decentralized: No single point of failure or control.
- Transparent: All data is public and verifiable.
- Immutable: Extremely difficult to change once data is recorded.
Use Cases
Cryptocurrencies, decentralized finance (DeFi), and public record-keeping.