Let's talk about Private Permissioned L1s—a different beast altogether.
Private means blockchain access gets locked down tight. Only the validator set can control who gets in and what happens on the network.
Permissioned takes it further: you can't just spin up a validator whenever you want. Someone needs to give you the green light first.
Why does this matter? Institutions and governments need this setup. They want the transparency and security benefits of blockchain, but they also need regulatory guardrails and control over their network. It's the bridge between traditional enterprise requirements and blockchain innovation.
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token_therapist
· 13h ago
Basically, it's the chain of the powerful and influential. It sounds impressive, but it's still the same centralized system.
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rekt_but_resilient
· 01-09 05:28
Basically, it's just a private club for big institutions; blockchain has been tamed.
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GasFeeCrier
· 01-09 00:32
Private chains are basically tailor-made for institutions and governments; truly centralized indeed.
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4am_degen
· 01-06 17:52
Basically, it's a centralized chain wrapped in a blockchain shell. What institutions want is this sense of controllability.
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BearWhisperGod
· 01-06 17:48
Basically, it's just to give institutions and governments backdoor access, which sounds like they are neutering blockchain.
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ForkTongue
· 01-06 17:41
Isn't this just a traditional database wrapped in a blockchain facade?
What about decentralization?
Institutions and governments want control and sincerity.
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ApeDegen
· 01-06 17:31
To be honest, this thing is just a chain tailor-made for big institutions. Wearing the cloak of blockchain and claiming decentralization becomes a joke...
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ForkMonger
· 01-06 17:25
lmao "bridge between traditional enterprise" is just corporate speak for "we gutted the whole point of decentralization" tbh. permissioned validators? that's literally just a database with extra steps and a whitepaper.
Let's talk about Private Permissioned L1s—a different beast altogether.
Private means blockchain access gets locked down tight. Only the validator set can control who gets in and what happens on the network.
Permissioned takes it further: you can't just spin up a validator whenever you want. Someone needs to give you the green light first.
Why does this matter? Institutions and governments need this setup. They want the transparency and security benefits of blockchain, but they also need regulatory guardrails and control over their network. It's the bridge between traditional enterprise requirements and blockchain innovation.