Said of a blockchain in which participation is not open to everybody – participants are known and have defined roles that set how they can interact with the blockchain (for instance limiting who can validate transactions, or who can submit them).

October 27, 2018


Said of a blockchain in which participants have no restrictions imposed on them, i.e. every participant can perform the same actions as the others (for instance validating blocks). Examples include public blockchains such as Bitcoin or Ethereum, in which nobody...

October 27, 2018