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Public Blockchain Networks

Definition

Public blockchain networks are decentralized, permissionless ledgers where anyone can participate, submit transactions, and verify the network’s state. These networks operate transparently, with all transactions publicly visible and verifiable by any participant. They are secured by cryptographic consensus mechanisms, such as Proof of Work or Proof of Stake, ensuring data integrity and resistance to censorship. Bitcoin and Ethereum are prominent examples, forming the foundation for many digital assets and decentralized applications.