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Owing to industry needs, different types of blockchain networks have evolved till now. These networks have the same functionalities to speed up complex processes such as funds transfer but follow different working principles.
The basic application of blockchain technology is to perform transactions and store all the information related to transactions securely. But the usage of blockchain networks varies in multiple cases. For example, Bitcoin works around distributed ledger with blockchain technology. It is a public network that is accessible to all the people around the globe.