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As far as I've seen, the point is mainly PR. These private blockchains are usually not bitcoin-style proof of work chains, but would more accurately just be cal
by svara 9y ago
As far as I've seen, the point is mainly PR. These private blockchains are usually not bitcoin-style proof of work chains, but would more accurately just be called distributed databases. For example, look at https://www.openchain.org/ https://www.openchain.org/, "How does it work" section. A lot of altcoins actually are the same, with explicit "trusted nodes", such as Stellar (https://www.stellarcoin.org https://www.stellarcoin.org).
Happy to learn about any counterexamples and use-cases for those.