Difference between revisions of "Distributed Ledger Technology (DLT)"

Latest revision as of 15:02, 14 June 2022

The following information comes from this post by Consensys (5-9-2019):

"Distributed ledger technology is a broad category that encompasses blockchain technology. A distributed ledger is just what its name implies. Instead of accounting for data through one centralized computer, distributed ledger technology uses many participants in a network to maintain a digital record. Blockchain technology supplements a distributed ledger with cryptographic functions and a consensus algorithm to enable greater incentive design, security, accountability, cooperation, and trust."

From this website (26-4-2018):

"What is the difference between blockchain and DLT? It is simpler than it might appear. A blockchain, a chain of blocks, is a type of DLT. Meaning, this is a case of a common phenomenon of name recognition causing confusion: when the success of a specific service, product, or application overtakes the “umbrella” to which it belongs and ends up devouring its namesake. In the same way not all sticky notes are Post-it, not all DLTs are blockchain.

From a more technical perspective, a DLT is simply a decentralized database that is managed by various participants. There is no central authority that acts as arbitrator or monitor. As a distributed log of records, there is greater transparency – making fraud and manipulation more difficult – and it is more complicated to hack the system."

@@ Line 1: / Line 1: @@
-You're the faggot that is behind the "Furries suck" scenario, if you don't fucking like furries, and the people who are them, then DON'T FUCKING BE ONE AND STAY AWAY FROM THE FUCKING FURRY COMMUNITY FAGGOT, WHY DO YOU WANT EVERYONE TO STOP BEING FUCKING FURRIES? JUST LET EVERY FUCKING ONE BE WHATEVER THEY FUCKING WANT TO BE, FAGGOT, YOU'RE A BAD-TEMPERED AND DISRESPECTFUL HUMAN, AND YOUR FUCKING PARENTS FAILED TO CREATE WELL TEMPERED AND RESPECTFUL HUMANS, SO DID YOUR FUCKING GRANDPARENTS AND GREAT-GRANDPARENTS, CAN'T YOU JUST FOCUS ON YOUR OWN FUCKING LIFE AND LEAVE EVERYONE ALONE WITH THEIR OPINIONS AND OSES THEY WANT TO USE? HOW WOULD YOU FEEL IF SOMEONE HAS MADE THAT HUGE FUCKING DISCRIMINATION AS YOU AGAINST FUCKING CRYPTO AND IT'S COMMUNITY? AND YOU SAID YOURSELF YOU WANTED TO STOP FURRY HATE AND THE BULLSHIT IT HAS MADE WHEN YOU ACTUALLY CREATED THAT BULLSHIT........ you're literally angry with yourself so? if you're really up to that level, then go call yourself a nftfag (Non-[[Fungible]] [[Token]] faggot), get the fuck off the whole internet and commit suicide, oh and take your shitty parents and alive grandparents and alive great-grandparents with you.
+* The following information comes from [https://media.consensys.net/answers-to-the-40-most-asked-questions-about-blockchain-2b69d1191801 this post] by [[Consensys]] (5-9-2019):
+''"Distributed ledger technology is a broad category that encompasses [[blockchain]] technology. A [https://media.consensys.net/blockchain-vs-distributed-ledger-technologies-1e0289a87b16 distributed ledger] is just what its name implies. Instead of accounting for data through one centralized computer, distributed ledger technology uses many participants in a network to maintain a digital record. Blockchain technology supplements a distributed ledger with cryptographic functions and a consensus algorithm to enable greater incentive design, security, accountability, cooperation, and trust."''
+* From [https://www.bbva.com/en/difference-dlt-blockchain/ this website] (26-4-2018):
+"''What is the difference between blockchain and DLT? It is simpler than it might appear. A blockchain, a chain of [[blocks]], is a type of DLT. Meaning, this is a case of a common phenomenon of name recognition causing confusion: when the success of a specific service, product, or application overtakes the “umbrella” to which it belongs and ends up devouring its namesake. In the same way not all sticky notes are Post-it, not all DLTs are blockchain.''
+''From a more technical perspective, a DLT is simply a [[decentralized]] database that is managed by various participants. There is no central authority that acts as arbitrator or monitor. As a distributed log of records, there is greater transparency – making fraud and manipulation more difficult – and it is more complicated to hack the system."''
+[[Category:Jargon/Various]]