A permissionless ledger or permissionless blockchain is a decentralized network that can be used without obtaining permission from a centralized authority or any other entity. Permissionless ledgers are typically constructed in an open and decentralized manner employing the use of their own cryptocurrency. Permissionless networks operate in a peer-to-peer (P2P) manner and are generally considered open, public, borderless, neutral, censorship-resistant, transparent, and immutable. Permissionless blockchains are the opposite permissioned blockchains whereby users must have special permission to use the network.
Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
