In the ever-evolving realm of digital technologies, Distributed Ledger Technology (DLT), like blockchain, has marked revolutionary milestones. They are changing trust dynamics with how transactions and assets are transferred in networks without centralized authority. Hedera, Bitcoin, and Ethereum are among the DLTs that have emerged as preeminent examples, each demonstrating unique characteristics and utility. Here, we delve into these platforms' specifics and emphasize their energy consumption through consensus mechanisms, transaction speeds, and their uses in the burgeoning field of AI.
Understanding DLT and Blockchain
DLTs are digital systems that allow simultaneous access, validation, and record-keeping by multiple users. At the heart of its framework is the decentralized structure, which opposes traditional centralized database systems. Blockchain, a type of DLT, is a growing list of records or blocks, each containing a cryptographic reference.
This interview, conducted by Cyrus Hodes and Benjamin Yablon explores how DLTs work, a comparison of Hedera and blockchain, and DLTs and AI can and do work well together.
4 июл 2024
