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Distributed ledger technology examples

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Distributed ledger technology examples

Distributed Ledger Technology (DLT)examples is a sort of information base that is decentralized and conveyed across numerous hubs, guaranteeing a straightforward and secure record of exchanges. The most notable illustration of Distributed Ledger Technology (DLT)examples is Blockchain, however there are different varieties of DLT too. Here are a few instances of circulated record innovation:

Blockchain: A decentralized and changeless record utilized in different applications like digital forms of money (e.g., Bitcoin and Ethereum), store network the executives, personality check, and brilliant agreements.

Directed Acyclic Graph (DAG): A non-straight Distributed Ledger Technology (DLT)examples structure that permits exchanges to be affirmed in equal as opposed to successively. Examples include IOTA and Nano.

Hashgraph: A consensus algorithm that uses a gossip protocol to achieve fast and secure transaction consensus. It aims to resolve some of the scalability and consensus issues faced by traditional blockchains.

Holochain: A Distributed Ledger Technology (DLT)examples that uses a unique approach called "agent-centric" instead of "data-centric." It allows developers to build decentralized applications (dApps) without the need for global consensus.

Corda: A distributed ledger platform developed specifically for businesses in finance and other industries. It enables privacy and restricts access to transaction data among participants.

Hyperledger Fabric: An open-source framework for enterprise-grade Distributed Ledger Technology (DLT)examples solutions. It allows organizations to build private, permissioned blockchain networks.

Quorum: An enterprise-focused DLT platform developed by J.P. Morgan that combines features of Ethereum with enhanced privacy and permissioning.

EOSIO: A blockchain platform designed for the development of decentralized applications with high throughput and scalability.

Stellar: A Distributed Ledger Technology (DLT)examples platform designed for cross-border payments and asset exchange, aiming to connect financial institutions and reduce transaction costs.

Cardano: A blockchain platform known for its focus on peer-reviewed research and a layered architecture, aiming to achieve scalability and sustainability.

These are only a couple of instances of conveyed record innovation. The field is consistently advancing, and new DLT frameworks and stages might arise with various elements and use cases.

 

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Distributed Ledger Technology in payment clearing and settlement

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