The differences between permissionless and permissioned blockchains

Blockchain as a technology can bring a paradigm shift across industries. However, a single universal blockchain was not able to serve the vastly different requirements of industries and businesses. This led to the birth of numerous blockchains networks; permissioned and permissionless blockchain (private and public blockchains) turned out to be the most important ones. Understand what the differences are between the two, how different are their set of protocols and what are the commonalities (if any!)
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