Distributed

All network participants have a copy of the ledger for complete transparency. A public ledger will provide complete information about all the participants on the network and transactions. The distributed computational power across the computers ensures a better outcome. Distributed ledger is one of the important features of blockchains due to many reasons like

In distributed ledger tracking what’s happening in the ledger is easy as changes propagate really fast in a distributed ledger.
Any change in the ledger will be updated in seconds or minutes and due to no involvement of intermediaries in the blockchain, the validation for the change will be done quickly.
If a user wants to add a new block then other participating nodes have to verify the transaction. For a new block to be added to the blockchain network it must be approved by a majority of the nodes on the network.

Decentralized

The blockchain network is decentralized which means that there is no central governing authority that will responsible for all the decisions. Rather a group of nodes makes and maintain the network. Each and every node in the blockchain network has the same copy of the ledger. Decentralization property offers many advantages in the blockchain network:

In distributed ledger tracking what’s happening in the ledger is easy as changes propagate really fast in a distributed ledger.
Any change in the ledger will be updated in seconds or minutes and due to no involvement of intermediaries in the blockchain, the validation for the change will be done quickly.
If a user wants to add a new block then other participating nodes have to verify the transaction. For a new block to be added to the blockchain network it must be approved by a majority of the nodes on the network.

Unanimous

All the network participants agree to the validity of the records before they can be added to the network. When a node wants to add a block to the network then it must get majority voting otherwise the block cannot be added to the network. A node cannot simply add, update, or delete information from the network. Every record is updated simultaneously and the updations propagate quickly in the network. So it is not possible to make any change without consent from the majority of nodes in the network.

In distributed ledger tracking what’s happening in the ledger is easy as changes propagate really fast in a distributed ledger.
Any change in the ledger will be updated in seconds or minutes and due to no involvement of intermediaries in the blockchain, the validation for the change will be done quickly.
If a user wants to add a new block then other participating nodes have to verify the transaction. For a new block to be added to the blockchain network it must be approved by a majority of the nodes on the network.

functions

Distributed

Decentralized

Unanimous

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