permissioned vs. permissionless blockchains
Permissioned blockchains are blockchain networks that require participants to have permissions or specific roles in order to join and engage in the network. Access to read, write, and validate transactions is restricted to a selected group of participants, typically known entities or trusted members. On the other hand, permissionless blockchains operate in a decentralized manner, allowing anyone to join and participate in the network without needing specific permissions or trust relationships. These blockchains are open to the public, enabling anyone to read, write, and validate transactions, promoting transparency and inclusiveness.
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