Distributed ledger architecture refers to the foundational structure and design principles of a decentralized database system, where records are maintained and updated across multiple network participants. This arrangement eliminates the need for a central authority, enhancing transparency and resilience. Blockchain technology represents a specific type of distributed ledger architecture.
Context
News often covers the deployment of various distributed ledger architectures across different industries, from finance to supply chain management. Discussions frequently compare public, private, and consortium ledger designs, highlighting their respective advantages and disadvantages for specific applications. The ongoing evolution of these architectures aims to improve scalability, privacy, and interoperability within the digital asset ecosystem.
Cooperative Consensus on a DAG ledger enables token holders to secure the network directly, fundamentally solving the centralization and scalability trade-offs of traditional proof-of-stake.
A leaderless State Machine Replication protocol uses a simple median rule to achieve robust liveness against adaptive blocking, securing decentralized systems.
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