Why is a permissioned network considered a reliable solution for managing digital assets?

3 answers

• Jan 13, 2022 · 3 years ago
  A permissioned network is considered a reliable solution for managing digital assets because it allows for controlled access and participation. With a permissioned network, only trusted entities are granted access, reducing the risk of unauthorized transactions or malicious activities. This ensures the security and integrity of digital assets, making it a preferred choice for managing cryptocurrencies.
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• Jan 13, 2022 · 3 years ago
  Managing digital assets on a permissioned network offers enhanced transparency and accountability. By granting access only to trusted participants, it becomes easier to track and trace transactions, reducing the chances of fraud or manipulation. This transparency builds trust among users and enhances the overall reliability of the network for managing digital assets.
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• Jan 13, 2022 · 3 years ago
  In the case of BYDFi, a permissioned network provides an added layer of security and trust for managing digital assets. With a permissioned network, BYDFi can ensure that only verified and trusted participants have access to the network, minimizing the risk of unauthorized transactions or security breaches. This enhances the reliability of BYDFi as a digital asset management platform.
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