Having a public blockchain offers numerous benefits that private blockchains cannot provide. Although using a private blockchain, such as Ethereum Blockchain with Alg POA, can be perceived as centralized, it can generate permanent attacks from people. Therefore, moving Ethereum Private Blockchain to Public Polygon Blockchain is a significant step towards total decentralization, transparency, data privacy, high security, immutability, and efficiency in mining transactions with POS consensus algorithm.
By mining with independent nodes, the Company no longer intervenes in this process, passing it to third parties, and custodianship of coins is with individuals. This ensures that no one can manipulate the transaction or the Blockchain, and permissions are no longer required from an intermediary. The low energy costs reduce energy consumption by 99.99%, and the speed in transactions is up to 65,000 per second, making it crucial for a massive and global use payment medium.
Moreover, the scalability of a public blockchain is of utmost importance as it does not affect the operations of the business even when increasing users and transactions. Smart contracts, anonymity when making transactions, transfers, payments, with the hash (Cryptography), compliance with the rule of the crypto world, and the right to privacy is an added advantage of public blockchains.
Transactions between pairs and cheap transactions make public blockchains highly beneficial to bring security, reliability, and usability to ONE Cryptocurrency. To increase the use of ONE as a means of payment, it must circulate in the Economy from families to businesses and vice versa, and working hard to empower Dealshaker in every country, region, city is the way forward.
The importance of maintaining positivity, focus, changing the quality and lifestyle, and achieving financial freedom is mid-term and long-term. By joining forces, working hard, and committing to the goals, everything is possible.