Distributed ledger
From BitcoinWiki
This is the approved revision of this page, as well as being the most recent.
A distributed ledger (also called a shared ledger, or referred to as distributed ledger technology) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. There is no central administrator or centralised data storage.
A peer-to-peer network is required as well as consensus algorithms to ensure replication across nodes is undertaken.
In 2016, numerous banks tested distributed ledgers for international payments.
Applications[edit]
Incumbent banks are investing heavily in distributed ledgers as a cost-saving measure and a way to reduce operational risks.
See Also on BitcoinWiki[edit]
Source[edit]
