What are the differences between blockchain and distributed ledger in the context of cryptocurrencies?

1 answers

• Daniel AsareDec 22, 2022 · 3 years ago
  In the context of cryptocurrencies, blockchain and distributed ledger are often used interchangeably, but they have subtle differences. Blockchain is a specific type of distributed ledger that organizes data into blocks, which are linked together using cryptographic hashes. This chaining of blocks ensures the immutability and integrity of the data. Distributed ledger, on the other hand, is a broader concept that encompasses various forms of decentralized databases. While blockchain is a distributed ledger, not all distributed ledgers are blockchains. Blockchain provides a transparent and tamper-resistant platform for cryptocurrencies, while distributed ledgers can be used for a wide range of applications beyond cryptocurrencies. It's important to understand these distinctions when discussing the technology behind cryptocurrencies.
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