Knowee
Questions
Features
Study Tools

What is a permissionless Blockchain?AA cloud infrastructure where users can share dataBA peer-to-peer network without any central authorityCA centralized ledger that allows to make secured transactionsDA mutual consensus protocol to track transactions

Question

What is a permissionless Blockchain?AA cloud infrastructure where users can share dataBA peer-to-peer network without any central authorityCA centralized ledger that allows to make secured transactionsDA mutual consensus protocol to track transactions

🧐 Not the exact question you are looking for?Go ask a question

Solution

A permissionless blockchain is B. A peer-to-peer network without any central authority. This type of blockchain allows anyone to join and participate in the network, validate transactions, and create new blocks, hence the term 'permissionless'. It's decentralized and completely open to the public. Bitcoin is a common example of a permissionless blockchain.

Similar Questions

Ethereum is a Permissionless Blockchain and Smart Contract Technology

3. In a permissioned blockchain network, who typically has the authority to participate in the consensus process?1 pointA) Anyone who wishes to joinB) Only individuals with specialized hardwareC) Pre-approved entities or participantsD) Only government agencies

What distinguishes permissioned blockchains from permissionless blockchains in terms of participation?1 pointA) Permissioned blockchains require permission from a central authority to join, while permissionless blockchains allow anyone to participate without authorization.B) Permissioned blockchains are open to public participation, while permissionless blockchains are restricted to specific entities.C) Permissioned blockchains are typically faster due to fewer participants, while permissionless blockchains are slower due to higher competition among miners.D) Permissioned blockchains have stricter security measures, while permissionless blockchains rely on community consensus for security.

Question 11 ptsEthereum is a Permissionless Blockchain and Smart Contract TechnologyGroup of answer choicesTrueFalse

What are the elements needed for a distributed ledger technology to work?AA peer-to-peer networkBAsset classes for exchangeCA chain of blocks to successfully provide secure and valid achievementDAll of the above

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.