Glossary - ChicksX

Private Chain is a blockchain accessible only to specific participants, ensuring privacy and control over transactions.

Private Chain is a type of blockchain network where access is restricted to selected participants. Unlike public blockchains, where anyone can join and participate, private chains require permission to enter and interact. This setup offers enhanced privacy and security as only authorized users can validate transactions and access data. Private chains are often used by businesses and organizations to maintain control over their data and ensure compliance with regulations. They enable efficient transaction processing and customized governance models tailored to specific organizational needs.