Permissioned Blockchain
By CoinGecko | Updated on Mar 03, 2020
It is a private blockchain where the nodes must be previously authorized by a central entity. The transactions included in the general ledger, a limited consensus test was carried out and carried out by trusted participants, being easier to maintain and faster than free access networks.
Related Terms
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
Pre-sale
A typically exclusive token sale event preceding a public ICO
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.