Table 1.
Comparison of different types of blockchain.
| Public Chain | Consortium Chain | Private Chain | |
|---|---|---|---|
| Participant | Anyone | Consortium member | Individual/single organization |
| Consensus mechanism | PoW/PoS/DPoS | Distributed consensus algorithm | Distributed consensus algorithm |
| Recorder | All participants | Based on consortium member agreement | Customized |
| Incentive mechanism | Necessary | Optional | Not necessary |
| Features | Trust establishment | Efficiency and cost optimization | Transparency and traceability |
| Throughput | 3–200,000 tps | 1000–10,000 tps | 1000–100,000 tps |