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2023-07-07 06:02:06

ßpec on Nostr: Types of Distributed Ledger Technologies (#DLT): 1⃣ #Blockchain: It's like a ...

Types of Distributed Ledger Technologies (#DLT):

1⃣ #Blockchain: It's like a decentralized, unchangeable digital record that ensures transparency and trust for things like cryptocurrencies. #BTC

2⃣ Directed Acyclic Graph (#DAG): Instead of blocks, transactions connect like a web, making it fast and capable of handling many transactions at once. #Radix #IOTA

3⃣ #Hashgraph: This one focuses on fast and secure transactions through a unique voting system and spreading information like a rumor. #Hedera

4⃣ #Holochain: It emphasizes peer-to-peer interactions and data integrity, enabling large-scale applications.

5⃣ #Near Protocol: blockchain platform that aims to provide scalability and usability for decentralized applications (dApps) by utilizing a sharded blockchain architecture.

6⃣ #Corda: Prioritizes privacy and is designed for businesses, ensuring secure and confidential transactions.

7⃣ #Stellar: It's a decentralized network for quick and affordable cross-border payments, making global financial transfers easier.
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