What is a permissioned blockchain？
A permissioned blockchain is a type of decentralized network where access and participation are restricted to a pre-approved group of individuals or entities. In other words, the blockchain is not open to everyone, but only to those who have been given explicit permission to join the network.
In a permissioned blockchain, users must obtain approval from a central authority or administrator in order to access and use the network. This model of blockchain is also known as a private blockchain because the network is closed, transparent only to approved participants, and inaccessible to the general public.
Permissioned blockchains offer a higher degree of control and privacy compared to permissionless blockchains. They are often used by businesses, organizations, and government agencies for applications that require a high level of trust and security, such as supply chain management, financial services, and healthcare.
Because permissioned blockchains are more centralized than permissionless blockchains, they may be more vulnerable to certain types of attacks or disruptions. However, their ability to provide a controlled and secure environment has made them an increasingly popular option for enterprise use cases.
Overall, permissioned blockchains offer a way to harness the power of decentralization while maintaining a level of control and privacy that may be necessary for certain applications. Their use is becoming increasingly common as more businesses and organizations recognize the potential benefits of blockchain technology.
In a permissioned blockchain, users must obtain approval from a central authority or administrator in order to access and use the network. This model of blockchain is also known as a private blockchain because the network is closed, transparent only to approved participants, and inaccessible to the general public.
Permissioned blockchains offer a higher degree of control and privacy compared to permissionless blockchains. They are often used by businesses, organizations, and government agencies for applications that require a high level of trust and security, such as supply chain management, financial services, and healthcare.
Because permissioned blockchains are more centralized than permissionless blockchains, they may be more vulnerable to certain types of attacks or disruptions. However, their ability to provide a controlled and secure environment has made them an increasingly popular option for enterprise use cases.
Overall, permissioned blockchains offer a way to harness the power of decentralization while maintaining a level of control and privacy that may be necessary for certain applications. Their use is becoming increasingly common as more businesses and organizations recognize the potential benefits of blockchain technology.
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