A public blockchain is an open and decentralized network where anyone can participate, validate transactions, and access data. Public blockchains, such as Bitcoin and Ethereum, rely on consensus mechanisms like proof of work or proof of stake to validate transactions and maintain security. These blockchains provide transparency, immutability, and decentralization, making them ideal for applications requiring open access and trustless transactions, such as cryptocurrency, smart contracts, and decentralized finance (DeFi). Public blockchains are considered highly secure, as their distributed nature makes it difficult for any single party to alter the system.
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