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Public Blockchain

By CoinGecko | Updated on Mar 03, 2020
In contrast to permisioned blockchain - where participation and access into the blockchain data requires authorisation, a public blockchain such as Bitcoin is completely is free and available to the public. Anyone can join and view its data. Public blockchain adheres to the original Bitcoin Protocol ethos of not having a central authority to overwrite anyone's authority. Public blockchains are resistance to censorship and foreign interference as it has no single point of failure.

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Related Terms

Staking
The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Degen
Cryptotrading without Due Diligence and research - basically gambling
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