What is collectively referred to as a permissioned chain (what is usually referred to as a permissioned chain)

What is collectively referred to as a permissioned chain Editor’s note: This article is from ‘据,Odaily星球日报’ and is authorized to be reproduced.

In blockchain technology, “permissionless chain” refers to the behavior mechanism of sending messages, public and private keys, data, and other information and permissions to others or any organization in a certain way (such as through smart contracts), or to the system that can be called “distributed ledger”.

Usually, the “non-permissioned” state is one of the only criteria for users to provide services for themselves, as it does not require the involvement of third-party participants in public verification (although they can operate these nodes on different devices). This form allows developers to make decisions regarding the services they own and ultimately use their software to maintain the security and decentralization of the entire network.

However, for most applications, this does not mean that they will be as limited as many people think, and over time, they will become more scalable, more efficient, and cheaper.

In order to enable people to move from one platform to another, we must establish a new infrastructure, including permissioned chains, to make Internet computing possible.

Currently, there are two types of solutions: one is a fully open network; the other is running specific applications under certain conditions.

Although permissioned chains have high security, there are also disadvantages, such as the inability to interoperate with external servers. Since certain functions have not been proven to be secure, they need to be controlled by public institutions to function properly. Therefore, when it comes to cryptocurrencies, reliance on intermediaries is required to process and execute transactions.

What is a permissioned chain?

Simply put, you can access some digital assets through your wallet or exchange without paying any additional fees.

If you want to create a new blockchain similar to Ethereum, you can choose to switch between different protocols. However, to achieve this vision, you also need a powerful tool—a dedicated person to manage and distribute these digital assets. If you are an open-source project, please consider how to join this ecosystem while protecting your privacy.

Of course, there are also multiple types of blockchains that can be permissioned, such as Bitcoin, Ethereum, and other tokens. However, there are some exceptions here.

1. Bitcoin

2. Ethereum

3. EOS

4. Tezos

5. Polkadot.

6. Zcash and Cardano

7. ZCash

8. Zcash: zk-Snarks (http://www.ethereumworldnews)

What is usually referred to as a permissioned chain

We usually call the permissioned chain (RegA+ or Substrate) a decentralized protocol, or “permissioned blockchain”, which is an open and interoperable network.

When defining this type of network, it is generally divided into two categories: one is the public chain (public blockchain), and the other is private. If an application wants to use private software for development and operation, it needs to rely on these code libraries to perform some functions instead of writing its own applications, which makes it difficult to deploy and operate. What is a permissioned chain? A permissioned chain refers to a way of encrypting certain node’s data and packing it into a new main chain to ensure that the information is not viewed by anyone; while also allowing certain participants to share data, such as users having their own accounts.

Although in many cases, we believe that distributed systems based on smart contracts can solve this problem, it is not actually a completely different architecture. For example, when you want to create a new project and already have the corresponding infrastructure, your account can be controlled by other members, allowing them to forward their data to someone else. This is called “permission” or “authorization.” It can also be understood as a governance mechanism. However, to achieve this, there must be a core consensus—ownership, and ultimately decide which transactions should be sent to whom.

For many technologies, this is a very important task because they are all open source and have incentive work. Over time, we hope to see more blockchains adopting this approach. Therefore, I propose a solution. Why should we pay attention to permissioned chains?

Due to the large number of unregistered computer devices and servers on the current Internet, most of them belong to corporate entities. Therefore, to meet business purposes, we regard blockchain as a digital signature service provider (DApp provider). In fact, we have not considered whether these hardware devices conform to the design of the blockchain, but have determined the technical characteristics related to some key components in traditional databases.

Now we are talking about how DLT technology can help companies more easily access the potential of financial services, especially as the value of Bitcoin and other cryptocurrencies continues to rise.

However, fundamentally, one of the biggest features of DLT technology may be that it allows individuals who engage in high-risk jobs to be free from the impact of high service costs, including banks and other financial institutions. There are also some factors that will affect whether the DLT platform can become part of the existing system.