What are the types of distributed ledgers?
by SMEBOOK (admin) · May 18, 2021
Some of the types of distributed ledger technology systems are stated below:
- Federated: Maximum restrictive
- Permissionless Public: Open source Public network
- Permissioned/Private: Get entry to can be public or private, but verification or audit permission for some simplest.
- Hybrid: A combination of public/private networks with partly constrained participation. It is a kind of distributed ledger technology that relies on consent algorithms. Consensus algorithms work in a way that transactions that prevail are simply required with the majority of support within the particular network.
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