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How To Build A Custom
Blockchain?



- BlockTech Brew

What is Blockchain?

Blockchain technology is an advanced database
mechanism that allows transparent information
sharing within a business network. A blockchain
database stores data in blocks that are linked
together in a chain.Blockchain enables the real-time
recording of data about any event or transaction
through a distributed, decentralized, peer-to-peer
ledger that is immutable and replicated across
numerous nodes connected by a network. It is made
up of links in a chain that are used to securely record
digital assets. A digital chain composed of
unchangeable data blocks stored on a decentralized
and dispersed network of computers.

Basic Concept of Blockchain

What are The 4 Types of
Blockchain?

Public Blockchain



It is a distributed ledger that anyone can join and use to complete transactions. Every computer in the network has a
copy of every other node or block in the network. We can also carry out transactions or record verification. Anybody with

access to the internet and a computer with decent hardware can take part in this open blockchain.
Traditional financial systems can be replaced by public blockchains because they are secured by proof of work or proof
of stake. The smart contract that allowed this blockchain to support decentralization represents its more advanced side.

Bitcoin and Ethereum are two examples of public blockchains.



Private Blockchain



A blockchain network operates in a private setting, such as a restricted network, or is managed by a single identity. only
selected nodes can participate in the process, making them more secure than the others.

This blockchain, with proper security and maintenance, is a great asset for securing information without exposing it to
the public eye. As a result, businesses use them for internal auditing, voting, and asset management.



Hybrid Blockchain



Companies that want the best of both worlds use a hybrid blockchain, which combines the benefits of both private and
public blockchains. some parts are controlled by one organization and others are made visible as a public blockchain.

It offers a more comprehensive solution to the healthcare industry, government, real estate, and financial firms. It
provides a solution when data must be accessed publicly but must be protected privately.



Consortium Blockchain



A consortium blockchain, also known as a federated blockchain, has both private and public blockchain features, similar
to how a hybrid blockchain does.

How blockchain
works?

As each transaction occurs, it is recorded as a “block” of data
Those transactions show the movement of an asset that can be tangible (a product)
or intangible (intellectual). The data block can record the information of your choice:

who, what, when, where, how much and even the condition — such as the
temperature of a food shipment.



Each block is connected to the ones before and after it
These blocks form a chain of data as an asset moves from place to place or
ownership changes hands. The blocks confirm the exact time and sequence of
transactions, and the blocks link securely together to prevent any block from being

altered or a block being inserted between two existing blocks.



Transactions are blocked together in an irreversible chain: a blockchain
Each additional block strengthens the verification of the previous block and hence
the entire blockchain. This renders the blockchain tamper-evident, delivering the key
strength of immutability. This removes the possibility of tampering by a malicious
actor — and builds a ledger of transactions you and other network members can

trust.

Benefits of
blockchain

What needs to change: Operations often waste effort on duplicate record keeping and
third-party validations. Record-keeping systems can be vulnerable to fraud and

cyberattacks. Limited transparency can slow data verification. And with the arrival of
IoT, transaction volumes have exploded. All of this slows business, drains the bottom line

— and means we need a better way. Enter blockchain.

Greater trust

With blockchain, as a member of a members-only network, you can rest assured that you are receiving accurate and
timely data, and that your confidential blockchain records will be shared only with network members to whom you have
specifically granted access.

Greater security

Consensus on data accuracy is required from all network members, and all validated transactions are immutable
because they are recorded permanently. No one, not even a system administrator, can delete a transaction.

More efficiencies

With a distributed ledger that is shared among members of a network, time-wasting record reconciliations are
eliminated. And to speed transactions, a set of rules — called a smart contract — can be stored on the blockchain and
executed automatically.

About BlockTech Brew

BlockTechBrew is an emerging blockchain development company
with profound knowledge and experience in building and
managing decentralized solutions. Our rigorous research, design
thinking-driven approach, and unmatched solutions in strategy
consulting, technology, and operations create an innovative
roadmap to help enterprises worldwide leverage from
conventional technology platforms to blockchain-driven systems.

We are a team of 300+ vetted Blockchain developers who have
delivered 200+ outstanding blockchain solutions for our clientele
based in 150+ nations.

Moreover, we are highly proficient in providing world-class
Metaverse development services. Whether Metaverse NFT
Development or building a Metaverse Decentralized platform, we
can deliver the best quickly!

Get in touch!

Call or email us for any Blockchain Development
Services or inquiries about our services.

Phone Number

+971554738790

Email Address

[email protected]

Website

blocktechbrew.com/