What is a Public Blockchain?

A public blockchain is a decentralized and distributed digital ledger open to anyone. This means that anyone can view, participate in, and validate transactions on the network and create and deploy smart contracts. Transactions are grouped into blocks, which are then added to the chain in a linear, chronological order, creating an unchangeable record of all transactions on the network. The network is maintained by a network of users rather than a central authority and is secured through consensus mechanisms…