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March 2019

In my previous blog on blockchain, I wrote about distributed ledger. Now, there is a general misconception that blockchain and distributed ledger is the same thing. It is not. In this blog I am going to draw a fat line between distributed ledger and blockchain. In a distributed ledger system, the data (transaction entries) are written in a file (ledger) and every stakeholders of the system/network are in the possession of the same. As a result any transaction that happens in the network is known to all the stakeholders. This is so unlike of a legacy centralized ledger system where a single controlling authority is in the possession of the ledger. As a result the record of any transaction is available to 3 stakeholders of the system only – the sender, the receiver and the controlling authority. This controlling authority is

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