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Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in 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Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":606,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Permissionless?","slug":"what-is-permissionless","section":"P","keyword":"Permissionless","status":"published","definition":"a system without a central authority that regulates who can use it and how.","content":"<p>A <strong>permissionless</strong> system is a term used to describe most <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain networks. In a permissionless system, no central entity can control who can use it nor limit its utility. The users are not constrained by any restrictions and do not require permission to use the system in question.</p>\n<p>The permissionless systems used for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies and other <strong>blockchain-based technologies</strong> are among the standout features. Blockchain-based cryptocurrency <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a> is considered permissionless as it can be used by anyone to the extent that the protocol itself can handle.</p>\n<p>Cryptocurrencies can be used by entities that, for various reasons, cannot use central banking systems, such as <strong>political dissidents</strong>, blacklisted organizations, or criminals. Transactions on permissionless blockchains can&rsquo;t be censored.</p>\n<p>Permissioned systems, like traditional financial institutions, are overseen by a central entity that can <strong>limit access to the system</strong> and how it can be used. Institutions like banks can restrict who can open accounts and use financial services, as well as which services they can access in particular.</p>\n<p>Some blockchain systems may be permissioned and have limited accessibility to the broader audience. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-blockchain/">Private blockchain networks</strong></strong></a> are used by large-scale organizations and the access is only granted to the market participants by <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whitelist/">whitelisting certain addresses.</p>\n<p>The core idea of the blockchain and crypto communities is <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralization. Based on this principle, <strong>no central party should have the authority to allow or deny access to the services provided by permissionless platforms</strong>. In many cases, entities that want to access a permissionless network do not need to provide any proof or meet <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-know-your-customer-kyc/">KYC requirements.</p>\n<p>Permissionless blockchain networks ensure that the users cannot be censored or discriminated against on any grounds. All users have equal opportunities to participate in and utilize the system as they please, regardless of their identity.</p>\n<p>Many permissionless networks use decentralized consensus mechanisms like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work (PoW)</strong></strong></a> or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)</strong></a>. Relying on such measures ensures that the system is managed by a network of participants or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes, known as miners and stakers.</p>\n<p>The <strong>network nodes</strong> work on maintaining the system viability and ensure the operations are seamless and honest. Cryptocurrencies like Bitcoin (BTC), <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum (ETH)</strong></a>, and <strong>Monero (XMR)</strong> function as permissionless networks.</p>\n<p>Permissioned networks, like Meta&rsquo;s Diem or blockchains developed for enterprises, can be restricted by a central authority who can limit the overall access to the network or some of its functions. Such networks also typically require the users to provide <strong>proof of identification</strong>.</p>\n<p>Permissioned networks use a limited number of validators who provide cryptographic security, and are given authority to produce new blocks and otherwise contribute to the network development.</p>","level":"medium","meta_title":"What is Permissionless? Definition & Meaning | Crypto Wiki","meta_description":"Permissionless meaning: Permissionless - a system without a central authority that regulates who can use it and how.","meta_keywords":null,"language":"en","created_at":"2022-03-25T13:42:23.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-permissionless"},"prevSection":{"id":604,"original_id":null,"author_id":40,"translator_id":null,"title":"What are Physical Bitcoins?","slug":"what-are-physical-bitcoins","section":"P","keyword":"Physical Bitcoins","status":"published","definition":"A physical Bitcoin is a physical token that has a public key and a private key.","content":"<p>The notion of <strong>manufacturing multiple physical versions</strong> of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a> has evolved since the cryptocurrency's inception, although they are far from popular, with just a few companies active in this embryonic sector.</p>\n<p>Despite the fact that Bitcoin is a necessary good of the digital age, there has been a lot of interest in procedures like pricing <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private keys</strong></a> and protecting them in the form of<strong> physical items</strong>, or looking for ways to make digital assets feel more like traditional <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currencies</strong></a> by using a physical token.</p>\n<p>For many people, possessing something physical is very appealing and this was the main reason the industry of Bitcoin decided to create the idea of a physical variation. Some people are also intrigued by the idea of the item becoming a collectible object.</p>\n<p>A physical Bitcoin has <strong>three main factors</strong>. Firstly is the development of a physical coin, which in itself does not have a virtual value. Secondly, there is a favorable design of the front side of the coin, but this is only performed for cosmetic reasons. Lastly, the design could be a <strong>basic logo</strong>.</p>\n<p>However, coins that contain an empty, blank side are referred to as blanks. In this scenario, the coin is not loaded with any Bitcoin or Bitcoin addresses.</p>\n<h3>How Can a Physical Item Be Transformed Into Bitcoin?</h3>\n<p>In total, to transform a physical item into Bitcoin, <strong>two components are required</strong>, which are similar to the principle behind <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-paper-wallet/">paper wallets</strong></a>. The first is the provision of a public key, which is masked from plain sight.</p>\n<p>However, it should be available to the owner whenever he needs it. Based on how the physical Bitcoin is constructed and configured, the <strong>holder can see the public key on the backside in a variety of ways</strong>. This enables him to spend the Bitcoin held on the real coin.</p>\n<p>The second component is the storage of a private key, which is often accomplished with the use of a tamper-proof hologram to provide optimum safety.</p>\n<p>Examples of Physical Bitcoins:</p>\n<ul>\n<li>Casascius</li>\n<li>Alitin mint</li>\n<li>Titan Bitcoin</li>\n<li>Cryptmint coins</li>\n<li>Antana coins</li>\n<li>Ravenbit Satoshi coin</li>\n<li>CoinedBits</li>\n</ul>\n<p>Besides, note that there are <strong>several coins that were never materialized</strong>.</p>","level":"medium","meta_title":"What are Physical Bitcoins? Definition & Meaning | Crypto Wiki","meta_description":"Physical Bitcoins meaning: Physical Bitcoins - A physical Bitcoin is a physical token that has a public key and a private key.","meta_keywords":null,"language":"en","created_at":"2022-03-25T13:24:20.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-physical-bitcoins"},"currentChapter":"P","currentSection":"what-is-platform","chapterTitle":"P","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-platform","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter P

What is Platform?

Platform MEANING:
Platform - is the parent blockchain of tokens or a cryptocurrency exchange.
Easy
1 minute

Let's find out Platform meaning, definition in crypto, what is Platform, and all other detailed facts.

According to CoinMarketCap, a platform is the parent blockchain of tokens. It might also refer to a cryptocurrency exchange where users can swap cryptocurrencies. Crypto exchanges function in a similar manner to online brokerage platforms, providing users with the tools they require to purchase and sell digital currencies like Ethereum or Bitcoin.