Blockchains are categorized according to the degree of their openness to participants. The key criteria in this case are such features as the ability to join the network, the availability of information contained in the blockchain, and the level of centralization in management.

Based on this classification, it is customary to identify public blockchains, private blockchains, and consortiums.

• Public blockchain is an open network where everyone can see the data and participate in the consensus process. It is a fully decentralized systеm.

• Private blockchain – limited access to data, with management and auditing, usually used in limited corporate environments.

• Consortium blockchain – a network in which a set of nodes is predefined, providing partial decentralization and control of participants, such as in financial organizations.

Why is it important?

• First, the level of anonymity is influential in terms of compliance of a blockchain project with local legislation. In some jurisdictions, anonymous cryptocurrencies may be illegal.

• Secondly, this factor may affect on their liquidity and limit their investment potential. Users, investors, noders, contributors, and other participants in the project ecosystem may prefer anonymity and privacy, while others may value transparency and compliance with regulatory requirements.

• Third, the level of anonymity can also impact the security and stability of the blockchain network. Anonymity can make it difficult to detect and prevent scams, hacking, and other security breaches. Investors should be aware of the potential risks and potential vulnerabilities associated with investing in anonymous blockchains.

Blockchain technology has opened up many new opportunities for modern society, and the process of its implementation in various spheres of life is only gaining momentum. Today, various types of blockchains are already used to provide financial services, manage supply chains, maintain internal documentation, conduct voting, verify identity, and, of course, create and operate cryptocurrency projects.

And if you need to conduct any financial transaction, including the exchange, sale, or purchase of crypto, then contact our manager, and we will be happy to help you.