June 13, 2026

Permissionless

Permissionless

A blockchain property allowing anyone to participate without needing approval from a central authority.

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Perpetual Contract

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Smart Contract

A self-executing computer program stored on a blockchain that automatically enforces the terms of an agreement.

Ledger

A record-keeping system for transactions; in blockchain, a distributed ledger is maintained across many nodes simultaneously.

Transaction

A transfer of cryptocurrency between wallet addresses recorded on the blockchain after validation.