Permissionless systems are digital infrastructures that allow any individual or entity to participate without requiring explicit authorization from a central authority. This open access principle is fundamental to many blockchain networks, enabling decentralized applications and services. It promotes innovation and broad accessibility.
Context
The ongoing debate concerning permissionless systems often centers on balancing open access with the need for regulatory compliance and the prevention of illicit activities. Discussions frequently touch upon the challenges of identity verification, know-your-customer (KYC) procedures, and the potential for decentralized governance to manage network integrity. Future developments to monitor include the evolution of decentralized identity solutions and the implementation of hybrid models that incorporate selective permissioning.
This research establishes a foundational mathematical framework to rigorously assess the economic security of permissionless blockchain consensus, enabling the design of more resilient protocols.
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