A public blockchain is an open, decentralized network that allows anyone to participate in the validation and recording of transactions. Public blockchains prioritize transparency, security, and inclusivity, offering an environment where users can join the network, validate transactions, and contribute to its maintenance without needing permission or approval from any central authority. Bitcoin and Ethereum are the most prominent examples of public blockchains, where anyone can run a node, engage in mining, or interact with smart contracts. This openness is a key characteristic that distinguishes public blockchains from other types of blockchain networks.
The transparency of public blockchains is one of their most significant features. All transactions are recorded on a publicly accessible ledger, ensuring that anyone can verify the authenticity and validity of the data. This transparency fosters trust among participants, as the decentralized nature of the network prevents any single entity from exerting control over the data. Moreover, public blockchains rely on consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS) to maintain the network’s integrity, making it highly resistant to tampering and fraud.
Get the Plena Super App, and start investing in 100,000+ cryptocurrencies starting with just $1
.webp)
In the context of Plena Finance, the platform interacts with various public blockchains to provide decentralized finance (DeFi) services to its users. Plena allows users to securely manage their assets across multiple public blockchains, including those that use PoS mechanisms like Ethereum and Avalanche. By leveraging public blockchains, Plena ensures that its users benefit from the transparency, security, and decentralization inherent in these networks, all while maintaining full control over their digital assets through its self-custodial wallet
%201.svg)
