SsangyongSpiritedStrengthCourageBravery
Sat Jul 13 2024
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5 answers
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Do private blockchains need cryptocurrency?
In the realm of blockchain technology, the question often arises regarding the necessity of cryptocurrency in private blockchains. Are tokens or coins integral to the functioning of these private, permissioned networks? Does the decentralized nature of cryptocurrency align with the goals and use cases of private blockchains? Or, can private blockchains operate effectively without the introduction of a native cryptocurrency, relying solely on traditional consensus mechanisms and governance structures? As we delve into this debate, it's crucial to understand the intricacies of both private blockchains and the role of cryptocurrency within these systems.
