Tools, FAQ, Tutorials:
What Is Distributed Ledger
What Is distributed ledger?
✍: FYIcenter.com
A distributed ledger, also called Distributed Ledger Technology (DLT), is a consensus of replicated, shared, and synchronized data storage based the blockchain technology.
The Distributed Ledger Technology can be used to change the way we do business today in many areas.
Take international money transfer as an example. Today if you transfer money to your friend in another country, the transfer transaction will be recorded in a centralized ledger managed by a clearinghouse trusted by your bank and your friend's bank.
If Distributed Ledger Technology is used by your bank and your friend's bank, the clearinghouse is not needed any more. The transfer transaction will be recorded directly to same ledger that is distributed and shared by both banks.
2023-03-28, 1125🔥, 0💬
Popular Posts:
How to use the "@(...)" expression in Azure API Policy? The "@(...)" expression in Azure API Policy ...
How To Protect Special Characters in Query String in PHP? If you want to include special characters ...
How to read RSS validation errors at w3.org? If your RSS feed has errors, the RSS validator at w3.or...
How to use the urllib.request.Request object to build more complex HTTP request? The urllib.request....
How to install .NET Framework in Visual Studio Community 2017? I have the Visual Studio Installer in...