Overview#

Non Permissioned System allows participants to rename Anonymous and requires no Authentication

Non Permissioned System implies open to all.

Non Permissioned System has no Permissions or Access Control

Non Permissioned System is precisely what has made bitcoin so ground-breaking:

  • it allows the transfer of value to anyone, anywhere in the world that has an internet connection
  • outside of the control of banks or other payment processors.

In ensuring that no one owns the network, you give it to everyone. That is one of the major reasons why people who use bitcoin trust it. They know a transaction, once executed, is effectively irreversible.

Non Permissioned System is contrary to Permissioned Systems

More Information#

There might be more information for this subject on one of the following:

Add new attachment

Only authorized users are allowed to upload new attachments.
« This page (revision-7) was last changed on 01-Aug-2017 09:55 by jim