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Understanding Distributed Ledger Technology

Distributed ledger technology, such as blockchain, allows for databases to be shared across multiple locations or participants. A distributed ledger is a consensually shared, synchronized database found across institutions and geographies. Blockchain uses peer-to-peer networks to allow members to maintain identical, duplicated copies of shared ledgers that serve as digital records of transactions. Blockchains are immutable distributed ledgers that make changes, hacking, or cheating difficult. While blockchains enable trustworthy, stable systems without government interference, they also face challenges including private key issues, volatility, scalability problems, and difficulty modifying data.

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48 views12 pages

Understanding Distributed Ledger Technology

Distributed ledger technology, such as blockchain, allows for databases to be shared across multiple locations or participants. A distributed ledger is a consensually shared, synchronized database found across institutions and geographies. Blockchain uses peer-to-peer networks to allow members to maintain identical, duplicated copies of shared ledgers that serve as digital records of transactions. Blockchains are immutable distributed ledgers that make changes, hacking, or cheating difficult. While blockchains enable trustworthy, stable systems without government interference, they also face challenges including private key issues, volatility, scalability problems, and difficulty modifying data.

Uploaded by

bhengavila
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Distributed Ledger Technology

( Such as Blockchain)
What is Distributed Ledger ?
 A Distributed Ledger is a database that can be
found across several locations or among multiple
participants.

 database that is consensually shared and


synchronized among multiple sites, institutions or
geographies.
What is Blockchain?
 Peer-to-peer networks that enable multiple members
to maintain their own identical copy of a shared ledger.

 Is a digital ledger of transactions that is duplicated and


distributed across the entire network of computer
systems.

 are immutable digital ledger systems implemented in a


distributed fashion.

 is a system of recording information in a way that makes


it difficult or impossible to change,hack or cheat the
system.
Blockchain
Advantages and Disadvantages of Blockchain
Advantages

 Trustworthy Distributed Systems.

 No Government Interference.

 Increased Stability.

 Instant Payments at Reduced Cost.

 Improved Security & Financial Efficiency.


Disadvantages

 Private key Issues.

 Extremely Volatile.

 Issues in Scalability.

 Security Issues.

 Data modification is Difficult.


Thank You

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