Does Ethereum use a public chain?
Ethereum is an open source, public distributed ledger platform based on blockchain technology. It is open to everyone without permission. Network nodes around the world are jointly maintained to ensure that data is stored in multiple locations without a single point of failure.
Does Ethereum use a public chain?
Ethereum is an open source, public distributed ledger platform based on blockchain technology. This means:
- Open Source: Ethereum’s underlying code and protocol are open to the public, meaning anyone has the ability to view, audit, and modify them.
- Public: The Ethereum network is open to everyone, and anyone can transact and interact on the network without permission.
- Distributed: The Ethereum blockchain is maintained by network nodes around the world, meaning data is stored in multiple locations with no single point of failure.
Unlike private chains, which are only open to authorized participants, the Ethereum public chain is open to everyone. This transparency and openness make it an ideal platform for building decentralized applications (dApps) and smart contracts that can run without the intervention of a central authority.
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