Distributed Ledgers

This project was created to establish deeper insights into the space of distributed ledger(s) such as the blockchain.

What is it?

The term ‘Distributed Ledger’ can be seen as an umbrella term for all systems allowing a server-less network for the transfer and/or recording of value transactions.

The best known distributed ledger is blockchain, that was invented to solve the general issues of creating an intermediary digital money system. The digital money created was Bitcoin.

But the technology behind Bitcoin can do much more than sending bitcoins from one to another. There are systems other than Bitcoin’s blockchain, which use different consensus algorithms. These include Ripple and Stellar, or IOTA and Hashgraph, which use a completely different approach called a directed acyclic graphs (DAGs) – a directed graph that contains no cycle.

The potential of distributed ledgers will touch many aspects of our economy, societies and politics. It is therefore important to ensure that as many as possible can understand the concepts and the limitations, especially to avoid being “sold scams”.

Rough guidelines and/or tips:

Please adhere to these standards when writing about distributed ledgers. They will be constantly updated.

  • Always clearly separate facts from opinion. Facts should be sourced with a link and opinions should contain appropriate language.
  • As this industry is still growing and in its infancy, ‘truths’ aren’t so readily determined – be as objective as possible and try to always find at least two different opinions on a subject.
  • Every industry has its own jargon and every jargon must be explained. For example, ‘Proof of Work’ (POW) isn’t obvious, and should follow a brief description and link. There is no need to explain a jargon more than once on the same story.
  • Always differ between technology and use-cases such as currencies and/or others (note, there is already a project about cryptocurrencies here).

Stories in draft

Published stories


  • The UK government has a good report on distributed ledgers, which can be found here.


Talk (3)

Linh Nguyen

Linh Nguyen

"Thanks for your comments Robin, howev..."

Samater Liban

"Thanks for your input, Robin. My und..."

Robin van Boven

"Please note that a blockchain also qu..."

History for Project "Distributed Ledgers"

Select two items to compare revisions

08 January 2018

15:56:32, 08 Jan 2018 . .‎ Linh Nguyen (Updated → update)

21 December 2017

14:22:51, 21 Dec 2017 . .‎ Linh Nguyen (Updated → update)
14:21:45, 21 Dec 2017 . .‎ Linh Nguyen (Updated → update)
14:21:02, 21 Dec 2017 . .‎ Linh Nguyen (Updated → project edited. published)

20 December 2017

13:46:07, 20 Dec 2017 . .‎ Linh Nguyen (Updated → edits)
12:15:58, 20 Dec 2017 . .‎ Linh Nguyen (Updated → slight editing, will resume)

19 December 2017

16:37:26, 19 Dec 2017 . .‎ Samater Liban (Updated → I hope this 1st ever project suggestion is nice if not ;-))
16:17:05, 19 Dec 2017 . .‎ Samater Liban (Updated → )

Talk for Project "Distributed Ledgers"

Talk about this Project

  1. Please note that a blockchain also qualifies as a directed acyclic graph (DAG). So distinguishing between the two as separate technologies is not accurate.

    A key feature of a blockain is that blocks contain a reference to a cryptographic hash of the block that came before it. This makes it infeasible to create cycles (it would require a hash collision at the very least).

    1. Thanks for your comments Robin, however I don’t see how they are the same simply because they work differently. For example, blockchain uses mining to verify transactions. IOTA’s DAG, or Tangle, verifies transactions by referring to two previous transactions. Regards, Linh.

    2. Thanks for your input, Robin.
      My understanding until now was, that a DAG has now blocks it at least not sequential ones as the branches of a graph can hold transactions created parallel…
      So for me a DAG being not sequential and therefore not connecting all transaction through blocks and their hashes in one linear sequence (the chain) disqualifies it to be called a blickchain and honestly I am still not sure, why you insist on it.
      Where do you see a linear connection of all blocks in a DAG?

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