Not all coins uses blockchain technology
● Distributed Ledger Technology (DLT) & Blockchain:
• Distributed Ledger Technology (DLT)
Definition: A system that allows multiple participants to maintain a shared ledger of data or transactions without a central authority.
Key properties:
Decentralization
Cryptographic security
Consensus among participants
Note: DLTs are not required to use a chain of blocks; the structure can vary.
• Blockchain
Definition: A type of DLT where transactions are grouped into blocks and each block is linked to the previous one using cryptography.
Key properties:
Sequential, immutable blocks
Each block references the previous block’s hash
Ideal for cryptocurrencies like Bitcoin and Ethereum
• Clarity:
All blockchains are DLTs
Not all DLTs are blockchains
Example: DAG-based systems (IOTA, Hedera Hashgraph) are DLTs but not traditional blockchains.
• Conclusion:
DLT = broad category of decentralized ledgers
Blockchain = one specific type of DLT
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