The blockchain is an emerging technology with multifaceted applications. Similarly, multichain technology is getting attention thanks to its implementations in private Blockchain network. Let's comprehend both terms and see how we can apply emerging trends of Blockchain technologies in mobile application development.
Bitcoin has got recognition as an international digital currency existing on virtual space/Internet only. It is getting trust and recognition among the masses. The blockchain is the technology behind Bitcoin like Cryptocurrency. However, Blockchain has multiple usages other than Cryptocurrency, and multi-chain fork of Blockchain technology is an ideal example of it.
Generally, Blockchain technology by default existing as public peer-to-peer network activity, but with desired modifications, its private existence is possible. To get a better understanding of two different terms, private Blockchain and multi-chain, we must have a perfect understanding of Blockchain technology and its fundamentals. So, let's know the Blockchain first.