One of the most common misconceptions about blockchain technology is that it’s synonymous with privacy. Instead, the reality is that public blockchains like Bitcoin or Ethereum are more of an open book than a lockbox of user information. They are transparent by default, and every single transaction that takes place on them is visible to anyone using a block explorer.

While this has numerous benefits — including fulfilling the dream of a more accountable financial system — it also has its drawbacks. When it comes to commerce and other use cases, some variations in how these blockchains are implemented might be appreciated by end users and enterprise projects alike. Private…

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