Cryptocurrency Q&A Is Nakamoto Consensus permissionless?

Is Nakamoto Consensus permissionless?

CryptoElite CryptoElite Mon Aug 12 2024 | 7 answers 1621
Could you please elaborate on whether the Nakamoto Consensus, the fundamental mechanism underlying Bitcoin and many other cryptocurrencies, operates in a permissionless manner? In other words, does it allow anyone to participate in the consensus process without needing prior approval or authorization from a central authority? Understanding this aspect of Nakamoto Consensus is crucial in appreciating its decentralized and egalitarian nature. Is Nakamoto Consensus permissionless?

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