What are some other decentralized ledger technologies apart from blockchain that are utilized in the digital currency space?

1 answers

• May 01, 2022 · 3 years ago
  Apart from blockchain, there are several other decentralized ledger technologies that are being utilized in the digital currency space. One such technology is Directed Acyclic Graph (DAG), which is used by cryptocurrencies like IOTA. DAG differs from blockchain in that it does not rely on blocks and chains. Instead, it uses a graph structure to record transactions, allowing for faster transaction processing and scalability. Another technology worth mentioning is Hashgraph, which uses a voting-based consensus algorithm to achieve consensus among nodes. Hashgraph claims to offer high throughput and low latency, making it suitable for applications that require fast transaction processing. Additionally, there are also technologies like Holochain and Tangle that are being explored as alternatives to blockchain. These technologies offer different approaches to achieving decentralization and come with their own set of advantages and limitations.
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