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Quiz Entry - updated: 2026.07.30

Roughly how do permissionless blockchains, permissioned blockchains, and central databases compare on performance and structure?

Throughput and latency get better as you move from permissionless → permissioned → central DB; the blockchains' cost buys tolerance of untrusted writers, which the central DB has zero of.

Permissionless Permissioned Central DB
Throughput Low High Very high
Latency Slow Medium Fast
Untrusted writers tolerated High Low 0
Consensus Mainly PoW, some PoS BFT (e.g. PBFT) None
Centrally managed No Yes Yes

The single idea behind the table: consensus is what costs you performance. A permissionless chain runs heavy consensus (PoW) to tolerate many anonymous, untrusted writers, so it's slowest. A permissioned chain uses lighter BFT consensus among few known writers, so it's faster. A central DB does no consensus at all — fastest, but tolerates no untrusted writers because there's only one.

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From Quiz: IOTHACK / Do You Need a Blockchain? | Updated: Jul 30, 2026