According to Odaily Planet Daily, the EU recently released a report exploring the potential of permissionless blockchains in traditional finance. The report suggests that such blockchains should be viewed as an option for traditional finance, but with cautious adoption.
The report points out that permissionless blockchains are more neutral than private blockchains and can encourage competition. The openness of public blockchains contrasts with isolated permissioned blockchains; despite the drawbacks, there are solutions.
In addition, permissionless blockchains can provide an interoperability layer for L2 blockchains, and smart contracts can be composed into complex functionalities on a single chain. The report also mentions the drawbacks of public blockchains, such as scalability, privacy, finality, and governance, and delves into the MEV issue.
