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…In other words, a decentralised system is a subset of the distributed system. For a deeper dive, this article by Vitalik Buterin may help in understanding decentralisation. Blockchain Alternatives Since the invention of Bitcoin, many have generalised its technology and called it ‘blockchain’. However, the original Bitcoin design is not the only design that works. Distributed Ledger Technology ‘Distributed Ledger Technology’ (DLT), like Directed Acyclic Graphs (DAGs) or Block Lattice, is …
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…In other words, a decentralised system is a subset of the distributed system. For a deeper dive, this article by Vitalik Buterin may help in understanding decentralisation. Blockchain Alternatives Since the invention of Bitcoin, many have generalised its technology and called it ‘blockchain’. However, the original Bitcoin design is not the only design that works. Distributed Ledger Technology ‘Distributed Ledger Technology’ (DLT), like Directed Acyclic Graphs (DAGs) or Block Lattice, is …
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…Some notable altcoins include: Ethereum (ETH) A decentralised platform, Ethereum (ETH) was launched in 2015 by Vitalik Buterin and the Ethereum Foundation team. It introduced the concept of programmable blockchain, allowing for the execution of complex transactions and automation through smart contracts and enabling developers to build and deploy decentralised applications (dapps). Ethereum relies on a consensus mechanism called Proof of Stake (PoS), which uses validators that stake tokens on th…
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