What Are Permissioned and Permissionless Blockchains?
Blockchain technology is a revolutionary invention that is transforming various industries across the world. It is a distributed ledger technology that allows data to be stored in a decentralized manner, making it more secure, transparent, and immutable. Blockchain is used in various applications, including finance, supply chain management, healthcare, and voting systems. There are two types of blockchains: permissioned and permissionless. In this blog, we will discuss the differences between permissioned and permissionless blockchains. Permissioned Blockchain A permissioned blockchain is a private blockchain where only authorized users can access and validate transactions. It is also known as a private blockchain.