Playstation 4 Jailbreak is the process by which PS4 can pass through some functionalities that were unavailable before. When you have jailbroken your PS4, you can download paid games for free, get personal themes and mods. Jailbreak is how you hack into the system software and make changes that can give you full access to the console.
GTA 5 Online: How To Install a Mod Menu on PS4 and Xbox One | Full Tutorial (No Jailbreak!) | Working After Latest Update_____ Get Cheap Game Codes and Gif

People are still getting banned online with a jailbroken PS3. So its not hard to guess if the PS4 would get the same treatment. Honestly this is exactly what the hacking devs are trying to avoid from happening when they release a K-exploit, which is why they tend to be on lower firmware's. You can mod games, but that doesn't mean you can play

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GTA 5 - How To Install a Mod Menu on PS4 (NO JAILBREAK!) | NEW TUTORIAL 2023_____ Get Cheap Game Codes and Gift Cards for Xbox - Playstation - iTunes - Goo

How to Install a GTA 5 Online Mod Menu XBOX ONE/PS4 NO JTAG/RGH/JAILBREAK | AFTER ALL PATCHES!_____ Get Cheap Game Codes and Gift Cards for Xbox - Playstat
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