The last couple of years have brought along a massive increase in the popularity of blockchain technology, with numerous projects being implemented by private and public entities.
However, as it is an emerging technology, there is quite a bit of confusion on the market relating to the differences between permissioned and permisionless networks.
The purpose of this article is to give an introduction into blockchain technology, and eliminate confusion between the two paradigms. Lastly, it will help readers choose the right approach for their blockchain-based projects.
Quick Facts
| Permissioned Blockchains | Permissionless Blockchains |
|---|---|
| Restricted membership | Open to anyone |
| Often used for B2B scenarios | Commonly power digital currencies |
| May be centralized | Inherently decentralized |
| Controlled transparency | Complete transparency |
| Governance by specific members | Community-driven governance |
| Suitable for internal business… |
