Talk for Wiki Project "Distributed Ledgers"

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  1. [ This comment is from a user you have muted ] (show)

    There is a simple explanation of distributed ledger for laymen at
    https://www.linkedin.com/pulse/explaining-blockchain-your-grandmother-mark-grand/

    I would have added this to the resources section of the story, but for some reason the EDIT PROJECT link was not working for me.

  2. [ This comment is from a user you have muted ] (show)

    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. [ This comment is from a user you have muted ] (show)

      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?

    2. [ This comment is from a user you have muted ] (show)

      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.

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