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Distributed Ledger Technology
Distributed Ledger Technology

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!!! Overview
[{$pagename}] ([DLT]) is the technology that describes the [protocol] used for [Blockchain] and [Merkle Tree]
[{$pagename}] is used to describe a type of system in which a single, universal record of transactions is replicated, although there is no absolute agreement on a set of necessary characteristics.
[{$pagename}] introduce a revolutionary new capability: non-trusting [entities] can securely share and [trust] a database outside their firewalls, without any intermediary or central authority.
[{$pagename}] are [immutable], [irrefutable|non-Repudiation], and highly hack-resistant. Since each node of a distributed ledger has an identical copy of the ledger, not a single comma can be changed anywhere without being noticed and within a [Permissioned Systems], invalidated, and rejected by the network.
Though [cryptocurrencies|Cryptocurrency] (there are hundreds now) like [Bitcoin] would not be possible without [{$pagename}], the reverse is not true for [permissioned|Permissioned Systems] ledgers, which can elegantly provide [Self-Sovereign Identity] with no need for a [cryptocurrency].
[Distributed Ledger Technology] allows securities to be settled in minutes instead of days.
!! [{$pagename}] [Attributes]
There are a few [Attributes] used within defining the operations of various [{$pagename}] ( or [Blockchains])
* [Trust]
** [Permissionless System]
** [Non Permissioned System]
* [Consensus] [Algorithm]
* [Digital Asset] Containment
* [Third-party] [Identification]
* [Smart contracts]
Some uses of [{$pagename}]:
* [Bitcoin]
* [Blockchain] and [Blockchain 2.0]
* [Cryptocurrency] (well most)
* [CommonAccord]
* [Hyperledger Project|Hyperledger]
* [Ripple Transaction Protocol]
* [Blockcerts]
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop