Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Demystifying Distributed Ledgers | Hedera18


Published on

YouTube Video

Paul Madsen | Technical Lead | Hedera Hashgraph

According to the dictionary, a myth is either a:
1) Traditional story of ostensibly historical events.
2) A widely held but false belief or idea.

The distributed ledger space has both, and in this session I'll be focusing on the second interpretation— presenting a variety of myths about distributed ledger technologies. These ideas are often accepted as canonical fact, without justification, and today we will be demystifying them.

Published in: Software
  • Be the first to comment

  • Be the first to like this

Demystifying Distributed Ledgers | Hedera18

  1. 1. PaulMadsen Technical Lead
  2. 2. Myths
  3. 3. MYTH 1 DLTs create/destroy trust
  4. 4. MYTH 2 All DAGs are the same
  5. 5. MYTH 3 Because PoW is tolerant of malicious
 nodes, PoW is Byzantine Fault Tolerant
  6. 6. MYTH 4 Large communities are
 always more decentralized
  7. 7. MYTH 5 Visa peaks at 50k tps, so anything above that is overkill
  8. 8. MYTH 6 Immutability (of both history & state)
 is an unqualified good
  9. 9. MYTH 7 There is such a thing
 as a Free Lunch
  10. 10. MYTH 8 BTC has a 51% attack (and no smaller)
  11. 11. MYTH 9 All PoS are the same
  12. 12. MYTH 10 IOT devices will actively contribute to consensus