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Openness promotes inclusivity, transparency, and innovation, as it allows for participation from various stakeholders. Bitcoin and other cryptocurrencies currently secure their blockchain by requiring new entries to include proof of work. The Bottom Line. Archived from the original on 21 April Computerworld called the marketing of such privatized blockchains without a proper security model " snake oil "; [8] however, others have argued that permissioned blockchains, if carefully designed, may be more decentralized and therefore more secure in practice than permissionless ones.
