01 / 03 · Public network · permissionless
Public
Open to the whole planet.
On a public blockchain anyone can download the chain, send transactions and, if they follow the protocol rules, take part in validation. There is no owner: the network belongs to those who use it.
Its security doesn’t rely on trusting anyone but on economics: attacking the network would mean controlling most of the computing power (proof of work) or the capital locked in staking (proof of stake), something extremely expensive on large networks. That’s why they’re ideal when strangers need to trust a record.
The price of that openness is total transparency: every transaction is visible to everyone, forever. Addresses are pseudonymous, not anonymous, and every transaction pays a fee (gas) that rises when the network is congested.
Who takes part
- ReadAnyoneAnyone, with a block explorer
- WriteAnyoneAnyone with a wallet and funds for gas
- ValidateAnyoneAnyone who contributes computing power or staked capital
How it works
- Consensus
- Proof of work (mining) or proof of stake (staking)
- Identity
- Pseudonymous addresses derived from a private key
- Cost
- Per‑transaction fee in the network’s native coin
- Governance
- Open community of developers, validators and users
Strengths
- Maximum decentralisation and censorship resistance
- Verifiable by anyone, without asking permission
- Global liquidity: exchanges, DeFi, wallets and stablecoins
- No infrastructure of your own to maintain
Limits
- All data is public forever
- Variable, unpredictable fees
- Limited throughput on the base layer
- Complex fit with GDPR and confidentiality
Real examples
2009Digital money
Bitcoin
The first blockchain. Thousands of miners compete to solve a mathematical puzzle every ten minutes; the winner adds the block. Deliberately slow, but the most secure and battle‑tested network in the world.
- Consensus
- Proof of work
- Block
- ≈ 10 min
- Throughput
- ≈ 7 TPS
2015World computer
Ethereum
It introduced smart contracts: programs that run on the chain. Since September 2022 it runs on proof of stake, which cut its energy use by around 99.9%. It underpins most of DeFi, stablecoins and tokens.
- Consensus
- Proof of stake
- Block
- 12 s
- Finality
- ≈ 13 min
2020EVM‑compatible network
Polygon PoS
Compatible with Ethereum —same contracts, same wallets— but with blocks every few seconds and fees of a cent or less. Widely used by brands for NFTs, loyalty and payments.
- Consensus
- Proof of stake
- Block
- ≈ 2 s
- Cost
- A cent or less
2020High performance
Solana
Bets on speed in a single layer: it combines proof of stake with a cryptographic clock (Proof of History) to order transactions in slots of around 400 ms.
- Consensus
- PoS + PoH
- Slot
- ≈ 400 ms
- Throughput
- Thousands of TPS
You need anyone to be able to verify or use your assets without asking you: tokens traded on open markets, public certificates, global payments or decentralised applications.