CFA Level I · CFA Level I Exam · Introduction to Digital Assets
Which feature of a permissionless network most likely distinguishes it from a permissioned network?
In a permissionless network, any participant may join and validate transactions under the protocol rules. Permissioned networks instead restrict participation to approved parties, often under an administrator, so open access is the distinguishing feature of permissionless systems.
- AAccess is restricted to approved participants
- BAny participant may join and validate transactionsCorrect
- CA central administrator must approve each transaction
Explanation
Permissionless networks are open, so anyone can participate in validation under the protocol's rules. Permissioned networks limit participation and may have an administrator controlling access.
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