Financial Applications of Distributed Ledger Technology
01 Sep 2019
A distributed ledger is a database held and updated independently by each participant (or node) in a large network. Rather than have a central authority, records are independently constructed and held by every node (computer).
Each node has the ability to process a transaction and come up with a conclusion. All the nodes then “vote” on the conclusion. If the majority agrees with the conclusion, the transaction is completed successfully, and all nodes maintain their own identical copy of the ledger. There is no need for a centralized databank as in the case of a traditional ledger.
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Escribo esta revisión en español para los hispanohablantes, soy de Bolivia, y utilicé
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