What are the benefits and limitations of distributed ledgers?
by SMEBOOK (admin) · May 18, 2021
Distributed ledgers are held and reorganized by multiple parties in different locations and institutions.The main benefits of Blockchain technology are decentralized system, transparence, trusty chain, inevitable and unchangeable technology. Benefits of Distributed Ledgers are listed below:
- Highly transparent, secure, tamper-proof, and immutable.
- The need for a third party is eliminated.
- Inherently decentralized.
- Increased efficiency and speed.
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