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A private blockchain is a decentralized network that achieves a level of centralization by connecting all its nodes to a central point, which oversees the entire platform. Primarily adopted by banks and businesses, private blockchains aim to facilitate smooth operations within their respective industries. The establishment of a private blockchain is typically initiated by the network validator, where each participant possesses the ultimate authority to determine who can join the network and engage in transactions.
Contact Details :
Mobiloitte Technologies
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Address: D-115, Okhla Phase -I, New Delhi – 110020
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