Difference between BLOCKCHAIN and Distributed Ledger Technology

[Digixhub]

The term “Blockchain” has become so popular and mainstream just because of the entry of “bitcoin”. When Bitcoin came into existence, it gained popularity not immediately but gradually. People are familiar with the terms like blockchain, bitcoin, and cryptocurrency but are missing from the bigger picture that is Distributed Ledger Technology or DLT.
 
Let us see the broader picture and find out more about DLT and Blockchain.
 
What is a Distributed Ledger Technology?
 
Distributed Ledger Technology or DLT is a specific term used to describe technologies that distribute records or information which are used either publicly or privately. In technical terms, DLT is a database which spread across various nodes or computing devices. Each of the nodes or computing devices replicate and save the identical copy of the ledger. Each participant node in the node updates itself independently. The feature of DLT is that the ledger is not maintained by any type of central authority. The updates in the ledger are constructed and recorded independently by each node. The nodes then have to vote, so that the majority agrees to the conclusion reached. The voting and agreement on the copy of ledger is called consensus and is conducted automatically by a consensus algorithm. Once consensus has been reached, the distributed ledger updates itself and the latest, agreed-upon version of the ledger are saved on each node separately.
 
What is a blockchain?
 
To all those who do not know, Blockchain is a type of Distributed ledger Technology. Wherein, the data is organized in the “chain of blocks” form. This data is distributed to everyone in the form of chained “blocks”.
Not all DLTs are blockchains but all the blockchains are DLTs. Additionally, not all the distributed ledgers use the chain of blocks to secure and valid distributed consensus. By peer-to-peer network, blockchain is distributed across and managed. As a blockchain is a distributed ledger, there is no central authority or the server managing it. The data quality can be handled by database replication or computational trust. The structure of blockchain makes it stand out from other types of distributed ledgers. The data is grouped together and then organized in the form of blocks. The blocks are later linked to each other in a secure form using “Cryptography.” The blockchain is a structure that is continuously growing in the record list. Its structure only allows the data to be added to the database. Any form of deleting or altering of data on the earlier formed blocks is impossible.
Therefore, blockchain technology is well suited for recording events, managing records, processing transactions, tracing assets, and voting.


Visit https://www.digixhub.com to know about our Blockchain solutions.

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[blacknight789]

Generally there are no big differences in these concepts. Ledger technology is the database systems and it is a broader concept than the block chain technology. Bloc chain technology is a specific form of the distributed ledger technology.

[cryptorampage963]

These two are completely different things but are equally important in the market. This post has highlighted the difference nicely and will be helpful for the newbies if they hit a stump with these terms.

[Vickyrichy]

I believe there are no specific differences between blockchain and distributed ledger technology. We can describe distributed ledger technology as a universal set and blockchain technology as a sub set of the universal set.

[HabBear]

Generally there are no big differences in these concepts. Ledger technology is the database systems and it is a broader concept than the block chain technology. Bloc chain technology is a specific form of the distributed ledger technology.

I believe there are no specific differences between blockchain and distributed ledger technology. We can describe distributed ledger technology as a universal set and blockchain technology as a sub set of the universal set.

The difference is that one is a technology type and the other is a use case of that technology type.

Another example: Internal Combustion Engine technology vs. Car or Motorcycle o Bus.

So, yeah, by definition the concepts are the same.

[AXELNetwork]

Generally there are no big differences in these concepts. Ledger technology is the database systems and it is a broader concept than the block chain technology. Bloc chain technology is a specific form of the distributed ledger technology.

I believe there are no specific differences between blockchain and distributed ledger technology. We can describe distributed ledger technology as a universal set and blockchain technology as a sub set of the universal set.

The difference is that one is a technology type and the other is a use case of that technology type.

Another example: Internal Combustion Engine technology vs. Car or Motorcycle o Bus.

So, yeah, by definition the concepts are the same.

The best explanation of the whole thing so far!

[MoneyGuardian]

Basically, all the blockchains are DLT but all DLTs are not blockchain. Blockchain stores data in form of chain of blocks and distributed ledger stores using nodes or computing devices. Moreover, data in DLT can be edited or deleted but blockchain contains all the data for a lifetime without giving a chance for altercation.

[bucketthechange]

Great explanation!

[ShakingCoin]

DLT is a database system which is operated by the nodes of users where blockchain itself is DLT. Not all the DLT are blockchain but all the blockchains are DLT. Blockchain is operated in the form “chain” for the user database.

[jefrystar]

I really don't understand why you want to mixed up these two things the both are very different from each other they are protocol and motive all are quite different so it better not to compare them

[inspirone1]

Nice highlight! I think that many people on this forum are completely not familiar with those two things and especially with a differences between them, and yet they are considering blockchain as the only way.

[mikyadel]

Great and very detailed explanation for something still seems complex and like a mystery to a lot of people .i hope more members on this forum start publishing detailed information about application of this technology and its impact on our lives.

[AfterHot542]

Both of them are almost same but there are few differences in how they operate or how they work. Blockchain save your data and makes it non erasable which is why a lot of projects which are based on providing security to people focuses on blockchains, but data in DLT can be erased using any of the nodes.

[ExpediteStyle201]

Though the main work done by both the systems are quite similar but there are still fair bit of differences among them. DLT records information that can be edited later but blockchain records data which can't be erased or edited any time in the future. So, these two are also used on different purposes.

[kulsuma]

Blockchain provides security for the investor in this crypto market on the other hand Distributed Ledger Technology distributes records and information for popularity.

[Elips1]

The term “Blockchain” has become so popular and mainstream just because of the entry of “bitcoin”. When Bitcoin came into existence, it gained popularity not immediately but gradually. People are familiar with the terms like blockchain, bitcoin, and cryptocurrency but are missing from the bigger picture that is Distributed Ledger Technology or DLT.
 
Let us see the broader picture and find out more about DLT and Blockchain.
 
What is a Distributed Ledger Technology?
 
Distributed Ledger Technology or DLT is a specific term used to describe technologies that distribute records or information which are used either publicly or privately. In technical terms, DLT is a database which spread across various nodes or computing devices. Each of the nodes or computing devices replicate and save the identical copy of the ledger. Each participant node in the node updates itself independently. The feature of DLT is that the ledger is not maintained by any type of central authority. The updates in the ledger are constructed and recorded independently by each node. The nodes then have to vote, so that the majority agrees to the conclusion reached. The voting and agreement on the copy of ledger is called consensus and is conducted automatically by a consensus algorithm. Once consensus has been reached, the distributed ledger updates itself and the latest, agreed-upon version of the ledger are saved on each node separately.
 
What is a blockchain?
 
To all those who do not know, Blockchain is a type of Distributed ledger Technology. Wherein, the data is organized in the “chain of blocks” form. This data is distributed to everyone in the form of chained “blocks”.
Not all DLTs are blockchains but all the blockchains are DLTs. Additionally, not all the distributed ledgers use the chain of blocks to secure and valid distributed consensus. By peer-to-peer network, blockchain is distributed across and managed. As a blockchain is a distributed ledger, there is no central authority or the server managing it. The data quality can be handled by database replication or computational trust. The structure of blockchain makes it stand out from other types of distributed ledgers. The data is grouped together and then organized in the form of blocks. The blocks are later linked to each other in a secure form using “Cryptography.” The blockchain is a structure that is continuously growing in the record list. Its structure only allows the data to be added to the database. Any form of deleting or altering of data on the earlier formed blocks is impossible.
Therefore, blockchain technology is well suited for recording events, managing records, processing transactions, tracing assets, and voting.


Visit https://www.digixhub.com to know about our Blockchain solutions.

I think the different between Blockchain and Distribute ledger technology are almost the same but only few different.Blockchain is a technology that works like a ledger. In fact, it works like a distributed ledger, where every participant in the blockchain holds a copy. While Distributed Ledger is a database that is shared across the network and syncs across multiple nodes.

[dobladonadouble]

Technically, distributed ledger technology is a broader system or technology, while blockchain is the one who composes the DLT. It's like the blockchain is a single cell that works individually to make a whole DLT.

[Bugcoin5]

The term “Blockchain” has become so popular and mainstream just because of the entry of “bitcoin”. When Bitcoin came into existence, it gained popularity not immediately but gradually. People are familiar with the terms like blockchain, bitcoin, and cryptocurrency but are missing from the bigger picture that is Distributed Ledger Technology or DLT.
 
Let us see the broader picture and find out more about DLT and Blockchain.
 
What is a Distributed Ledger Technology?
 
Distributed Ledger Technology or DLT is a specific term used to describe technologies that distribute records or information which are used either publicly or privately. In technical terms, DLT is a database which spread across various nodes or computing devices. Each of the nodes or computing devices replicate and save the identical copy of the ledger. Each participant node in the node updates itself independently. The feature of DLT is that the ledger is not maintained by any type of central authority. The updates in the ledger are constructed and recorded independently by each node. The nodes then have to vote, so that the majority agrees to the conclusion reached. The voting and agreement on the copy of ledger is called consensus and is conducted automatically by a consensus algorithm. Once consensus has been reached, the distributed ledger updates itself and the latest, agreed-upon version of the ledger are saved on each node separately.
 
What is a blockchain?
 
To all those who do not know, Blockchain is a type of Distributed ledger Technology. Wherein, the data is organized in the “chain of blocks” form. This data is distributed to everyone in the form of chained “blocks”.
Not all DLTs are blockchains but all the blockchains are DLTs. Additionally, not all the distributed ledgers use the chain of blocks to secure and valid distributed consensus. By peer-to-peer network, blockchain is distributed across and managed. As a blockchain is a distributed ledger, there is no central authority or the server managing it. The data quality can be handled by database replication or computational trust. The structure of blockchain makes it stand out from other types of distributed ledgers. The data is grouped together and then organized in the form of blocks. The blocks are later linked to each other in a secure form using “Cryptography.” The blockchain is a structure that is continuously growing in the record list. Its structure only allows the data to be added to the database. Any form of deleting or altering of data on the earlier formed blocks is impossible.
Therefore, blockchain technology is well suited for recording events, managing records, processing transactions, tracing assets, and voting.


Visit https://www.digixhub.com to know about our Blockchain solutions.

I think Blockchain, is a distributed ledger where the data is arranged in blocks which can be mined. In fact, it works like a distributed ledger, where every participant in the blockchain holds a copy.while Distributed Ledger is a type of database spread across multiple sites, regions, or participants. Distributed ledgers will provide a quick return on investment by helping businesses create leaner, more efficient, and more profitable processes.