For those unfamiliar, a public blockchain transparently records information in a time-bound manner, accessible to all, globally, and without gatekeeping. This allows anyone to verify the validity of information, such as its creator or a timestamp, making it a source of truth. Public blockchains are also decentralized, eliminating the need for a central decision-maker, and reducing the risk of manipulation. This decentralized structure also offers high network security by eliminating single points of failure, and ensuring an immutable and tamper-resistant record.
