How transactions are validated on a distributed ledger

14/03/2016

George Samman explores the complex, yet interesting world of the distributed ledger, and how transaction validation is handled.

This post will explore how transactions will be validated using distributed ledger technology. It will also provide some use cases around who those transaction validators may be, and what that would look like. First off, transaction validation will be different from the bitcoin blockchain because proof of work will not be used.

The features of a private blockchain network are:

– Peer to peer: transfer assets directly between parties who control the assets.
– No bitcoin currency: networks are built for specific markets and can issue and transfer any asset.
– No mining: transactions are ordered by trusted parties that form a ‘federation’, or the nodes on a distributed ledger.
– Fast: confirmation in seconds.
– Scalable: thousands of transactions per second.

Pour lire tous les articles Finyear dédiés Blockchain rendez-vous sur www.finyear.com/search/Blockchain/

Participez aux conférences Blockchain éditées par Finyear :
www.blockchain.vision
www.assurchain.com

Les médias du groupe Finyear

Lisez gratuitement :

Le quotidien Finyear :
– Finyear Quotidien

La newsletter quotidienne :
– Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d’affaires.

Les 6 lettres mensuelles digitales :
– Le Directeur Financier
– Le Trésorier
– Le Credit Manager
– The FinTecher
– The Blockchainer
– Le Capital Investisseur