Permissionless

« Back to Glossary Index

It is often used to describe blockchains. It is a system where there is no entity who can regulate who can use it and how it can be used. Bitcoin is permissionless as anybody can use it in any way they would like to as long as the protocol itself permits it and nobody is able to stop them. The consensus mechanisms that are used in the permissionless networks are PoS and PoW.

« Back to Glossary Index

Check Also

coinbase-crypto-delisting

Coinbase Crypto Delisting Includes 4 Cryptocurrencies From The Wallet

Coinbase crypto delisting is a major event at the end of this year. On Tuesday, …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.