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Is There Still Hope for the Future of Blockchain
Hacker Noon July 17, 2022
In as much as blockchain technology is the key principle of the future of crypto finance and non-financial application, it is, however, faced with some technical issues in adoption to our daily activities. Now unanswered questions about the authenticity of blockchain may linger as to the trade-offs and costs between the centralized and decentralized systems.
The two types of blockchain adoption include the “permissionless” and “permissioned” blockchain where the permissionless system is used in the world of cryptocurrency and the permissioned system is used by companies or enterprises or governments.
The difference is in the restriction of node networks for the permissioned blockchain unlike the public or permissionless system where anyone can mine a new block without a known network.
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