What are some examples of permissionless digital currencies?

3 answers

• codefreakSep 22, 2022 · 3 years ago
  Sure! One example of a permissionless digital currency is Bitcoin. It operates on a decentralized network, allowing anyone to participate in transactions without needing permission from a central authority. Another example is Ethereum, which also operates on a permissionless network and enables the creation of smart contracts. These are just a few examples, but there are many other permissionless digital currencies out there.
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• Cooper HammerJul 15, 2020 · 5 years ago
  Of course! Bitcoin and Ethereum are two well-known examples of permissionless digital currencies. They both use blockchain technology to enable secure and transparent transactions without the need for intermediaries. Other examples include Litecoin, Ripple, and Dash. These currencies operate on open networks, allowing anyone to join and participate in the network without requiring permission.
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• Haykal Fikri Hardi-063Dec 15, 2021 · 4 years ago
  Certainly! Bitcoin and Ethereum are the most popular examples of permissionless digital currencies. Bitcoin, created by the pseudonymous Satoshi Nakamoto, was the first cryptocurrency to operate on a permissionless network. Ethereum, developed by Vitalik Buterin, introduced the concept of smart contracts and expanded the possibilities of permissionless digital currencies. Another example is BYDFi, a newer digital currency that operates on a permissionless network and aims to provide decentralized financial services. These are just a few examples, and there are many other permissionless digital currencies with unique features and use cases.
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