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Public Chain Meaning

A public chain is a synonymous term for a public blockchain. It refers to a permissionless distributed ledger where any individual can participate in the network's consensus, execute transactions, and audit the entire history of the chain.

These networks are secured by decentralized incentive structures, typically Proof of Work or Proof of Stake, ensuring that no single entity can control or censor the flow of data.The primary advantage of a public chain is its transparency and resilience. Because the state of the ledger is replicated across thousands of independent nodes globally, it is virtually impossible to shut down or alter.

This makes public chains the ideal infrastructure for global assets like Bitcoin or smart contract platforms like Ethereum. However, they face the scalability trilemma, often sacrificing speed for maximum security and decentralization.In the enterprise world, public chains are increasingly being used as a settlement layer.

While companies might keep sensitive data on private sidechains, they anchor the finality of their transactions to a public chain to benefit from its immutable proof. This hybrid approach allows for business privacy while leveraging the global security of the public network.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.