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Thomas Hobbes wrote that “in a way beset with those that contend on one side for too great Liberty, and on the other side for too much Authority, ’tis hard to passe between the points of both unwounded.” But hybrid blockchains do pass beetween them by combining the freedom and transparency of public blockchains with the control and information security of private blockchains. Hybrid blockchains provide the best of both worlds: they are free, open and, at the same time, well-regulated.
Hybrid blockchains are unique. They offer the benefits of public blockchains, such as immutability, transparency and security, while maintaining the privacy of sensitive on-chain data. And, like public and private blockchains, they remain entirely customizable.
Governance members of a hybrid blockchain are responsible for deciding which transactions are made public and who can participate in the network, thus ensuring that enterprises and legacy financial institutions reap the rewards of blockchain technology. At the same time, they still meet the needs of their stakeholders and the requirements of regulators.
Hybrid blockchains function as closed ecosystems, eliminating the risk of data breaches or leaks.
Hybrid blockchains are highly adaptable, adjustable and allow changes as needed.
Hybrid blockchains are secure. Since would-be attackers have no access to the network, hybrid blockchains are immune to 51% attacks.
Hybrid blockchains protect privacy even when communicating with the outside world, which is necessary for enterprises with many stakeholders and regulators.
Hybrid blockchains have extremely low transaction fees. Since only a few nodes are required to verify transactions, transactions cost as little as US $0.00001.