Permissionless
A permissionless system, like many blockchains, allows anyone to use it without needing approval from a central authority.
More terms under P
- Pegged CurrencyA pegged currency is a type of stablecoin that keeps its value tied to something real, like a traditional money (fiat currency).
- Permissioned BlockchainA permissioned blockchain is a private network where only certain approved users can participate and access the data.
- Permissioned LedgerA permissioned ledger is a type of digital record where only certain people or organizations are allowed to see or use the information.
- Permissionless Market CreationPermissionless market creation allows anyone to create a financial market where people can trade money or assets without needing permission from a central…
- Perpetual ContractsA perpetual contract is a type of financial agreement that works like a futures contract but doesn’t have an end date, allowing you to hold it as long as you…
- Perpetual FuturesPerpetual futures are contracts that let you buy or sell an asset, like Bitcoin or Ethereum, without a set expiration date. This means you can hold them for as…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.