Public vs. Private Blockchain – What is the difference? Bitcoin (BTC) is a public blockchain. This blockchain on average can process about 7 transactions per second, which makes it pretty slow compared to AD:VANTAGE (ADVN) blockchain which can ensure over 4.000 transactions per second.
Why is this important? Transactions on AD:VANTAGE blockchain are cheaper, since they only need to be verified by the nodes with permission not by entire network. These nodes are controlled by AD:VANTAGE and they have very high processing power. Unlike Bitcoin where you need to wait for transaction confirmation by tens of thousands of miners.
AD:VANTAGE is launching it’s own private blockchain
With AD:VANTAGE, you do not need to pay 20 EUR transaction fee to Bitcoin Miners when buying a metro ticket for 1,50 EUR. With AD:VANTAGE, you will pay 1,50 EUR in seconds with a fix transaction fee of 0,5% which means 0,0075 EUR – less then 1 cent.
After AD:VANTAGE has resolved fast and cheep transaction processing it could become one of the first Blockchain projects vastly adopted in everyday life.
AD:VANTAGE PERMISSION BLOCKCHAIN MAKES ROCK SOLID BASE TO BUILD FASTEST AND CHEAPEST BLOCKCHAIN MOBILE PAYMENT
Thanks to all early community members for your continued support as we continue our work to bring digital currency and blockchain technology to the masses. We will finish Q4 of 2018 strong in preparation for a groundbreaking 2019.
More news coming soon
New Wallet release for your ADVN coins
AD:VANTAGE migration from token to coin