<ul><li>Public permissionless blockchains have the potential to transform finance by offering transparency, composability, and decentralization.</li><li>However, they face challenges in technical, operational, and governance aspects that need to be addressed.</li><li>Key properties of permissionless blockchains include decentralization, composability, atomicity, and decentralized governance.</li><li>Challenges include transaction throughput, balancing transparency with privacy, transaction finality, and governance mechanisms.</li></ul>

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