A Public Blockchain is one where anybody can view the public ledger of transactions and participate in all aspects of the chain, including governance and mining. Most public blockchains release free and open-source binary files of the blockchain full node wallet software, which can be downloaded and run on computers. Most public blockchains are decentralized and rely on various consensus forms to verify transactions and maintain the ledger, such as Proof of Work (PoW) and Proof of Stake (PoS). Bitcoin, Ethereum, and Litecoin are all prominent examples of public blockchains.
NFT Term
Public Blockchain
Definition of Public Blockchain from the NFTguild.com glossary.
