Blockchain and distributed ledger technologies (DLTs) are becoming known and adopted by a wider audience including banks, government, companies and others, daily. However, most people and institutions, have been confusing these two terms – they actually don’t know the differences between these two technologies. Let’s dig into it.
Distributed Ledger Technology
The DLT is a complex database of records which isn’t stored or verified by any central body. Many people confuse it with blockchain but it’s not. DLT is technically decentralized and largely depends on similar principles of consensus like those of blockchain, however, its corporate organization, may (or is) not – e.g. Bitcoin (BTC).
Blockchain
This technology is a form of distributed ledger having an actual and explicit technological foundation. In fact, it’s the one which creates an unchangeable ledger of records which is kept by a decentralized setup, where all records are appropriated by consensus.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: http://bit.ly/2IOnBm2
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