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97 sats \ 0 replies \ @Cowboy 8 Sep \ on: What is the difference between permissionless and censorship resistant? bitcoin
For Bitcoin:
Permissionless : Anyone can participate in the Bitcoin network without needing approval from a central authority. This means anyone can send transactions, mine, or run a node freely.
Censorship-Resistant : Once a Bitcoin transaction is confirmed, it cannot be reversed or blocked. The decentralized nature of the network ensures no single entity can censor transactions.
Both features work together: Bitcoin's open, permissionless system allows for decentralized, censorship-resistant transactions.