Overview of Hybrid Blockchain?

Hybrid blockchain is one of the various sorts of blockchain technology.

Usually in general people consider this as consortium blockchain, but to be honest it is not. However, there are few similarities between them.

Basically, this blockchain is a combination of both private and public blockchain. It has use-cases in an association that neither needs to send a private blockchain nor public blockchain and essentially needs to convey the two universes’ ideal.

In simple words, If you’re looking to get all the advantages of both private and public blockchain with minimal disadvantages, you should go for hybrid blockchain.

𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬 𝐨𝐟 𝐇𝐲𝐛𝐫𝐢𝐝 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 — Dragonchain XinFin Hybrid

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐭𝐡𝐞 𝐔𝐬𝐞 𝐂𝐚𝐬𝐞𝐬?

Some of the best use-cases of the Hybrid blockchain are given below:

𝐑𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 — We can use hybrid networks for real-estate purposes where real-estate companies can utilize it to run their frameworks and utilize public to show information to the public.
𝐑𝐞𝐭𝐚𝐢𝐥 — Retail can also use the hybrid network to streamline their processes.
𝐇𝐢𝐠𝐡𝐥𝐲 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 — Hybrid blockchains are also ideal for highly regulated markets such as financial markets.

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐭𝐡𝐞 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬?

· It gives authority to works in a closed ecosystem without making everything public
· As per the necessities rules can be changed
· Such types of networks are additionally invulnerable to 51% of attacks.
· It offers security while still associated with a public organization
· It offers great versatility contrasted with the public organization

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐭𝐡𝐞 𝐃𝐢𝐬𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬?

· Such technology isn’t completely transparent.
· Upgrading to the hybrid blockchain can be a challenge.
· There is no motivation for taking an interest and adding to the organization.

Additionally, Bitbatua is a payment gateway trying to make a revolution in the crypto payment system, where we’re also using different techniques to make sure that our customers can use the crypto payment anywhere anytime across the world.

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