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If you're the type that takes ganks seriously or random deaths, then you might need a new game. Getting gank isn't so bad if it's a player within your level, but do expect some max level player ganks here and there. I don't think there is any death penalty, but you're given an option to revive at the nearest resurrection point with a weakened state debuff or choose to run back to your rotting body for no weakened debuff.
Random Open World PvP Info
-Always Flagged for Faction PvP
-Can only PK enemy Faction
-No safe zones
-Level 30+ Quests Shared with Enemy Faction
-Certain towns have guards that aggro players in combat..?
-Players above 10 levels will show as "??" in their names.
-You get EXP for killing players!
-Channel System to Run Away or Hunt Players
-You can ninja PK AFK players!
-Can PK/PvP Right Outside Dungeon Entrances
-1v1 PvP over 6 Levels miss a lot of attacks.
-There is an Item that will make you immune to PK for 10minutes.
-Group Questing is more Common Level 30+
100vs100 Battlegrounds Info
-Only twice a day (Enforces Open World PvP?)
-Your Level will Scale to 45 (Previous CBT)
-Starts at 7:00 PM and 10:00 PM KST
-Extremely hard to get in populated servers.
-You can reserve/ninja queue at 6:50PM and 9:50pm
Other PvP/GvG (Stuff I'm Working Towards)
-Join a nice GvG guild.
-There is a castle and map/region control system.
-Queue faster to get in the 100vs100 battlegrounds.
-Do Castle Sieges
-Get Max Level :v