A distributed ledger is a decentralized database that exists across every node of a network among multiple participants across several locations. Each node has a copy of the information stored on the ledger, this shows the transparency level of the distributed ledger Know more>>https://www.bitdeal.net/blockchain-development

1. What is the Difference
Between Blockchain and
Distributed Ledger?
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2. In this Digital World, Our lives getting better
with Blockchain And Distributed Ledger
Technology. Do you Know How? The
Combination of both technologies offering
many numbers of benefits to various sectors
like the Economic Sector, Education,
Healthcare, Supply-chain and lot more. Hence
this technology became a word of fire to the
crypto world as well as the non-crypto world.
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3. Even Though people have a knowledge of what
is blockchain and Distributed ledger still they
having confusion that both are the same. DO
You Think both are the same? if Your Answer is
yes then you also having a common
misconception that everyone has.
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4. Actually, every Blockchain is a
Distributed ledger but not every
Distributed ledger is a blockchain. Yeah,
This might sound like a syllogism. you
might also think if blockchain comes
definitely there will be a presence of
distributed ledger then how it is
possible for every DLt cant to be a
blockchain. Don’t worry I will take you
through this blog and end up with
clarification.
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5. Well, What is
Distributed Ledger
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6. 6
A distributed ledger is a decentralized database
that exists across every node of a network among
multiple participants across several locations.
Each node has a copy of the information stored on
the ledger, this shows the transparency level of
the distributed ledger.
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7. 7
Here it needs no central authority to validate and
authenticate transactions. Normally in Centralized
ledger, there will be a central authority to
overlook all your activities. Here this technology
provides all your history information stored on
that database.
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8. 8
Each and every node in the ledger gets updated whenever
the data changes occur. The updating also takes place
independently throughout every node.
The transaction verification will be done with a
consensus algorithm or voting. The consensus is nothing
but the voting and agreement on one copy of Ledger. As it
is being a more transparent technology every industry is
looking to it.
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9. 9
What is Blockchain
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Actually, Blockchain is a type of Distributed Ledger, and we
can take DLT is the parent technology of blockchain.
Blockchain a public ledger or a distributed database of all
bitcoin transactions. It is an open-source technology and
anyone can access the details at any time.
The unique feature of blockchain technology is that digital
transactions and information are immutable. As it is a
distributed ledger, there will be no control or central
authority of records stored.
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Anyone can add the data but that cannot be
deleted or altered further. Usually, the blockchain
stores the data in terms of blocks, and those are
linked together like a chain and will be encrypted
for security. Here Blockchain uses Proof of Work
Mechanism to validate the transaction.
Want to more about how the Proof of Work
Concept Works.
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Blockchain Vs Distributed Ledger.
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However, both the technology sounds the same
there it has some differences.
1. A distributed ledger does not require any
sequence of blocks to be formed as that of
what blockchain has.
1. A consensus algorithm is essential in a
Distributed ledger, but it does not need any
proof work(PoW), Proof Of Stack(PoS)
Concept. www.bitdeal.net

14. Hire Our Blockchain
Developers
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THANKS!
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