STSQSI | P003 |
1. What is a Distributed Ledger?
🗃 Shared Data Infrastructure: A distributed ledger is a way to store and synchronise data across multiple locations simultaneously, like having the same database in many places, all kept in sync.
2. Key Features:
🔄 No Central Authority: There’s no single point of control; the data is managed collectively by the network.
🤝 Consensus of Nodes: The ledger is maintained by consensus among participants (nodes) in the network, ensuring everyone agrees on the data.
3. How to Teach Others:
🔗 Use Simple Terms: Explain that a distributed ledger is like having identical copies of important information in many locations, all updated at the same time without needing a central manager.
By J @nedyajpanapa