Public blockchain operates on a decentralized network, which means that there's no central authority controlling it.
Transactions and data are verified and stored across a network of nodes, making it virtually impossible to manipulate or corrupt.
Once data is recorded on the blockchain, it cannot be altered or deleted. This makes the platform ideal for storing sensitive information, such as financial records, contracts, and personal data.
These are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts allow for trustless and automated transactions, making them ideal for use in financial applications.
All transactions on the public blockchain are visible to anyone on the network, creating a high level of transparency and accountability. This helps to prevent fraud and promote ethical behavior.