March 2018
Beginner to intermediate
656 pages
20h 9m
English
Content preview from Mastering Blockchain - Second Edition
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Distributed ledgers
The concept of permissioned distributed ledgers is fundamentally different to a public blockchain. The key idea behind distributed ledgers is that they are permissioned as opposed to an open public blockchain. DLTs do not perform any mining as all the participants are already vetted and known to the network and there is no requirement for mining to secure the network. There is also no concept of digital currency on private permissioned distributed ledgers because the aim of the permissioned blockchain is different from a public blockchain.
In a public blockchain, access is open to everyone and requires some form of incentive and network effect in order to grow; on the contrary, in permissioned DLTs, there are no such requirements. ...