Permissioned

From CryptoWiki

Revision as of 10:36, 13 October 2022 by Grand Master Pepe (talk | contribs) (Removed redirect to Private Blockchain)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Basics

  • Permissioned is the opposite of permissionless. Often used in relation to blockchains and DApps. If something is permissioned, it is not open for anyone to join or participate.

Blockchains

  • Permissioned blockchains are also know as private blockchains and permissionless blockchains as public blockchains. If a blockchain has certain hindrances (permissions, like only the team or invites) to become a validator or user, it is considered permissioned.

DApps and Smart Contracts

  • Permissioned within DApps and Smart Contracts usually is in regards to admin keys and whitelists. Meaning respectively that a team member or multisig has certain extra permissions (rights) or an address is whitelisted (allowed) to participate in a private mint (usually of NFTs or in an ICO).
Retrieved from "https://cryptowiki.me/index.php?title=Permissioned&oldid=17294"