Permissionless Blockchain

A type of distributed ledger technology that stores data and communications for a peer-to-peer network with full transparency to the public, maintaining security through cryptographic methods and decentralized consensus mechanisms like Proof-of-Work or Proof-of-Stake. A permissionless blockchain means anyone can conduct and view transactions, participate in consensus mechanisms, build software that provides access to the network, or otherwise interact with the network and its underlying technology.