Glossary - ChicksX

Public Chain is a blockchain network accessible to anyone, allowing transparent, decentralized transactions without requiring permission or intermediaries.

Public Chain is a type of blockchain network that is open and accessible to anyone. It allows users to participate in the network by validating transactions, mining, or developing applications. Public chains are decentralized, meaning no single entity has control over the entire network. This promotes transparency and security, as all transactions are recorded on a public ledger that anyone can view. Examples include Bitcoin and Ethereum, which enable various decentralized applications and smart contracts. Public chains typically rely on consensus mechanisms like Proof of Work or Proof of Stake to validate transactions and maintain network integrity and security.