Surprising fact about layer-3 blockchains lecture#4steemCreated with Sketch.

in hive-183959 •  6 months ago 

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The distributed ledger's technology

Users/members of the network have the full right to access distributed nodes' ledgers and the record of faster transactions that are unchangeable. Using a shared ledger the amount of the transaction fee is recorded. It avoids duplication of effort related to commercial blockchain.

Unmodifiable record

If there is a mistake in transaction capacity for the rectification of the problem a new entire transaction is added at that point all transaction capacities become reachable.

Contracts

There is a rule namely smart contracts are saved in blockchain, which speeds up transaction and party processing. It is also used to set terms of corporate bonds.

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Blockchain's Operations

In blockchain, all kinds of records are stored in the form of blocks, a form of data. The speed of the blockchain shows the transfer of tangible and intangible assets. When an asset transfer between locations or owners this transaction or block create a chain. These blocks contain the specific date and time as well as the sequence of transactions. The most interesting matter is that all kinds of transactions are irreversible in blockchain and all are securely linked and prevent any blockchain trilemma from editing or modifying.

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