Which statement accurately describes Permissionless DLT?

The statement that accurately describes Permissionless Distributed Ledger Technology (DLT) is that anyone can become a node in the network. This characteristic defines Permissionless DLT, as it operates on the principle of open participation. In such systems, there are no restrictions on who can join the network, allowing any individual or entity to contribute by running a node. This promotes decentralization and fosters a wide range of applications and user engagement, which is a fundamental aspect of many cryptocurrencies and blockchain technologies.

Permissionless DLT contrasts with Permissioned DLT, where access and participation are restricted to selected entities, and identity verification is often required. By allowing anyone to participate, Permissionless DLT encourages innovation and collaboration across a diverse group of users. It also enhances transparency, as all transactions are generally visible to all nodes in the network, contributing to the overall integrity of the system.

Thus, the inclusive nature of Permissionless DLT is essential for its functionality and appeal, particularly in various decentralized applications.