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    Sonal Shridhar Shinde in Introduction to Blockchain Technology

    09-Feb-2023 09:02 AM


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    Advantages & Disadvantages of Hybrid Blockchain:

    :black_small_square:Advantages
    The ecosystem of a hybrid blockchain is one of its most advantageous features. Its hybrid nature makes it virtually unhackable, as 51% of users do not have access to the network. The cost of transactions on this
    Blockchain is also low, as only a limited number of nodes are needed to verify each transaction, reducing computational costs. The architecture of the hybrid blockchain is highly customizable while still maintaining the key principles of integrity, security, and transparency. In terms of operations, the hybrid blockchain allows for a degree of control, allowing it to choose the participants and determine which transactions are made public.


    :black_small_square:Disadvantages
    Efficiency is a potential drawback of implementing a hybrid blockchain. It can be a challenge for organizations to maintain, leading to difficulties in terms of efficiency. The transparency of the hybrid blockchain may also be called into question, as there is a possibility that some information may be hidden from users. Access to the hybrid blockchain depends on the organization and its decision to grant it. Additionally, the closed ecosystem of the hybrid blockchain may lack incentives for network participation, reducing overall engagement and collaboration within the network.
    Source: geeksforgeeks