Overview

Permissionless blockchains are the purest form of decentralized networks. They are designed to be censorship-resistant and accessible to everyone globally.

Key Features

  • Open Access: Anyone can download the software and start a node.
  • Anonymity/Pseudonymity: Users don't need to provide their real identity to participate.
  • Incentives: Use economic rewards (mining/staking) to ensure security among untrusted participants.

Examples

  • Bitcoin
  • Ethereum

Related Terms