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.
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.