dido:public:ra:1.2_views:3_taxonomic:2_network_access_ctrll:permisionless
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dido:public:ra:1.2_views:3_taxonomic:2_network_access_ctrll:permisionless [2021/08/17 13:01] murphy [Benefits of Permissionless Networks] |
dido:public:ra:1.2_views:3_taxonomic:2_network_access_ctrll:permisionless [2022/05/27 20:15] (current) nick |
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| ====== 2.3.2.1 Permissionless Networks ====== | ====== 2.3.2.1 Permissionless Networks ====== | ||
| - | [[dido:public:ra:1.2_views:3_taxonomic:2_network_access_ctrll|return to Network Access Control ]] | + | [[dido:public:ra:1.2_views:3_taxonomic:2_network_access_ctrll:start|return to Network Access Control ]] |
| **[[dido:public:ra:xapend:xapend.a_glossary:p:permissionless]]** require no permission to use them. In other words, there is no barrier to entry. Anyone can run a [[dido:public:ra:xapend:xapend.a_glossary:n:node|node]], run [[dido:public:ra:xapend:xapend.a_glossary:m:mining|mining]] software/hardware, access a [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin_wallet|wallet]], and write data onto and transact within the [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] (as long as they follow the rules of the blockchain). There is no way to censor anyone, ever, on a permissionless [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|Bitcoin]] blockchain.(( | **[[dido:public:ra:xapend:xapend.a_glossary:p:permissionless]]** require no permission to use them. In other words, there is no barrier to entry. Anyone can run a [[dido:public:ra:xapend:xapend.a_glossary:n:node|node]], run [[dido:public:ra:xapend:xapend.a_glossary:m:mining|mining]] software/hardware, access a [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin_wallet|wallet]], and write data onto and transact within the [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] (as long as they follow the rules of the blockchain). There is no way to censor anyone, ever, on a permissionless [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|Bitcoin]] blockchain.(( | ||
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| "Nuances Between Permissionless and Permissioned Blockchains", Anant Kadiyala, 18 February 2018, [[https://medium.com/@akadiyala/nuances-between-permissionless-and-permissioned-blockchains-f5b566f5d483]] )) | "Nuances Between Permissionless and Permissioned Blockchains", Anant Kadiyala, 18 February 2018, [[https://medium.com/@akadiyala/nuances-between-permissionless-and-permissioned-blockchains-f5b566f5d483]] )) | ||
| - | Another way to achieve anonymity is using [[dido:public:ra:xapend:xapend.a_glossary:t:tor]], however the blockchain must allow Anonymity. | + | Another way to achieve anonymity is using [[dido:public:ra:xapend:xapend.a_glossary:t:tor]], however, the blockchain must allow Anonymity. |
| </wrap> | </wrap> | ||
| * **Governance** \\ | * **Governance** \\ | ||
| - | <wrap>As a general rule, permissionless networks rely on [[dido:public:ra:xapend:xapend.a_glossary:o:oss|open source software]], which is ruled by open source communities (see [[dido:public:ra:xapend:xapend.b_stds:defact:todo]]). The governance of the network is by consensus. [[dido:public:ra:xapend:xapend.a_glossary:c:consensus_algorithm| Consensus]] is different for many of the permissionless networksm(i.e., [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_work]], [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_stake_pos]], [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_authority_poa]], etc). (( | + | <wrap>As a general rule, permissionless networks rely on [[dido:public:ra:xapend:xapend.a_glossary:o:oss|open source software]], which is ruled by open source communities (see [[dido:public:ra:xapend:xapend.b_stds:defact:todo:start]]). The [[dido:public:ra:xapend:xapend.a_glossary:g:governance]] of the network is by consensus. [[dido:public:ra:xapend:xapend.a_glossary:c:consensus_algorithm| Consensus]] is different for many of the permissionless networksm(i.e., [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_work]], [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_stake_pos]], [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_authority_poa]], etc). (( |
| "Nuances Between Permissionless and Permissioned Blockchains", Anant Kadiyala, 18 February 2018, | "Nuances Between Permissionless and Permissioned Blockchains", Anant Kadiyala, 18 February 2018, | ||
| [[https://medium.com/@akadiyala/nuances-between-permissionless-and-permissioned-blockchains-f5b566f5d483]] ))</wrap> | [[https://medium.com/@akadiyala/nuances-between-permissionless-and-permissioned-blockchains-f5b566f5d483]] ))</wrap> | ||
| * **Tokens** \\ | * **Tokens** \\ | ||
| - | <wrap>Permissionless blockchains employ fat protocols that compensate network contributors with [[dido:public:ra:xapend:xapend.a_glossary:t:tokens]]. As the value and utility of the network increases, the value of the underlying tokens increases as well. This is the premise of cryptoeconomics and [[dido:public:ra:xapend:xapend.a_glossary:i:ico]] based fundraising. There are two predominant types of tokens today: monetary value tokens and utility tokens. Monetary value tokens are used in myriad ways as instruments for exchanging value. Utility tokens are akin to loyalty points: they have intrinsic value but no monetary value outside of that ecosystem.(( | + | <wrap>Permissionless blockchains employ fat protocols that compensate network contributors with [[dido:public:ra:xapend:xapend.a_glossary:t:tokens]]. As the value and utility of the network increase, the value of the underlying tokens increases as well. This is the premise of cryptoeconomics and [[dido:public:ra:xapend:xapend.a_glossary:i:ico]] based fundraising. There are two predominant types of tokens today: monetary value tokens and utility tokens. Monetary value tokens are used in myriad ways as instruments for exchanging value. Utility tokens are akin to loyalty points: they have intrinsic value but no monetary value outside of that ecosystem.(( |
| "Nuances Between Permissionless and Permissioned Blockchains", | "Nuances Between Permissionless and Permissioned Blockchains", | ||
| Anant Kadiyala, | Anant Kadiyala, | ||
| Line 38: | Line 38: | ||
| * **Scalability and Performance** \\ | * **Scalability and Performance** \\ | ||
| - | <wrap>For all the value blockchains bring to modern business processes, their Achilles heel often involves [[dido:public:ra:xapend:xapend.a_glossary:s:scalable|scalability]] and [[dido:public:ra:xapend:xapend.a_glossary:p:performance|performance]]. Both Bitcoin and Ethereum blockchains suffer from poor scores in this area. For example, a recent blockchain game called Crypto kittles clogged the [[dido:public:ra:xapend:xapend.a_glossary:e:ethereum|Ethereum]] network. Having said that, these are just early teething troubles, and startups are experimenting with various strategies to address this issue. Hopefully it is only a matter of time before this issue becomes a non-entity.(( | + | <wrap>For all the value blockchains bring to modern business processes, their Achilles heel often involves [[dido:public:ra:xapend:xapend.a_glossary:s:scalable|scalability]] and [[dido:public:ra:xapend:xapend.a_glossary:p:performance|performance]]. Both Bitcoin and Ethereum blockchains suffer from poor scores in this area. For example, a recent blockchain game called Crypto kittles clogged the [[dido:public:ra:xapend:xapend.a_glossary:e:ethereum|Ethereum]] network. Having said that, these are just early teething troubles, and startups are experimenting with various strategies to address this issue. Hopefully, it is only a matter of time before this issue becomes a non-entity. (( |
| "Nuances Between Permissionless and Permissioned Blockchains", | "Nuances Between Permissionless and Permissioned Blockchains", | ||
| Anant Kadiyala, | Anant Kadiyala, | ||
dido/public/ra/1.2_views/3_taxonomic/2_network_access_ctrll/permisionless.1629219689.txt.gz · Last modified: 2021/08/17 13:01 by murphy
