Question: What is the difference between blockchain and a distributed ledger?

What is the difference between blockchain and a distributed ledger?

Step by Step Solution

★★★★★

3.32 Rating (143 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Blockchain and distributed ledger technology DLT are closely related concepts but they have some key differences 1 Structure Blockchain A blockchain i... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Introduction To Accounting Questions!

Microkernel operating systems aim to address perceived modularity and reliability issues in traditional "monolithic" operating systems. (i) Describe the typical architecture of a microkernel...

pop T3 is taken. Give definitions for offset and delay, and compute both for each set of timestamps. Which of the two offsets you have computed would you prefer to use to adjust the time at C, and...

What is the primary purpose of a database management system? How do you define data normalization in the context of databases? What is the difference between SQL and NoSQL databases? How can you...

Please select all appropriate uses for blockchain technology. O To automate record-keeping of share market transactions To automate the storage of land ownership records O To facilitate automatic...

Louis Edgar is a family-owned premier fine diamond house and bespoke jeweller headquartered in Melbourne, Australia. The business was established in 1964 by Louis Leblanc who is an immigrant from...

Review the article and share your thoughts and observations along with related examples of data protection techniques. Address each of the objectives listed below. Discuss the role of information...

make an annotated bibliography Forget Bitcoin: Blockchain Is the Future By Nathan Reiff Updated July 12, 2024 Reviewed by Erika Rasure Cryptocurrencies of all types make use of distributed ledger...

Appendix 1: Tech-Trace High-level Data Integration Process Narrative The following is a documentation of a pilot study into the viability of the Tech-Trace software across White Niles supply chain,...

Task 5: Using Appendix 1, identify and explain one (1) feasible automation solution that could be implemented to improve each of the identified problems in Tech-Traces data integration process. (a)...

1.Please provide a clear statement about about how standards around the use of blockchain in a particular industry like Finance, Supply Chain or Healthcare can be applied. 2. At this time industry...

A uniform 3.00-kg rope 24.0 m long lies on the ground at the top of a vertical cliff. A mountain climber at the top lets down half of it to help his partier climb up the cliff. What was the change in...

Remy is an insurance agent working with Nemo and Meredith on a disability insurance policy. Remy has collected all of the information needed and has reviewed different policy options from different...

All the following are ways to increase shareholder value EXCEPT: Question 2 9 options: Earn more profit by reducing costs. Increase the speed by which revenues reach the company. Reduce the cost of...

Your company manufactures three joint products. After separation, the three products are transferred to three different sales organizations in the company. The products are charged to the three...

Briefly discuss the following concepts associated with cash flow estimation: a. Incremental cash flow b. Cash flow versus accounting income c. Cash flow timing d. Project life e. Terminal value f....

Golden State Home Health, Inc., is a large, California-based forprofit home health agency. Its dividends are expected to grow at a constant rate of 5 percent per year into the foreseeable future. The...

Medical Group is a large for-profit group practice. Its dividends are expected to grow at a constant rate of 7 percent per year into the foreseeable future. The firms last dividend (D0) was $2, and...

If growth through gaining market share through product promotion and pricing rarely creates much value, why do consumer goods companies put so much effort into it?

A 15-year-par-value bond pays semi-annual coupons at a rate of 7% per year. The bond is priced to yield 9% per year convertible semi-annually. The par value of the bond is $100. Determine the total...

c ) Regular grammars and regular languages are constructed using regular expressions. Determine regular expressions over = { a , b , c , d } for the language defined as follows: L = { a n c b d m : m...