4 Types of Distributed Ledger Technologies (DLT)
DLT allows a group of computers to come to an agreement amid a minority of malicious or faulty computers
Proof of
Work
Benefits:
• Proven implementations
• Market incentives
Drawbacks:
• Regulated by miners
• Energy intensive
Leader
Based
Benefits:
• Proven implementations
Drawbacks :
• Regulated by leaders
• Vulnerable to DDoS attacks
• Slows as network scales
Economy
Based
Benefits:
• Self regulated
• Resistant to DDoS attacks
Drawbacks :
• Not provably secure
Hash-
graph
Benefits:
• Resistant to DDoS attacks
• Self regulated
• Fast at determining finality
Drawbacks :
• Emerging implementations
Speed: Low
Finality: Probabilistic
Speed: Medium
Finality: Probabilistic
Speed: High
Finality: Deterministic
Speed: Very High
Finality: Deterministic

Four Types of DLT (Blockchains)

  • 1.
    4 Types ofDistributed Ledger Technologies (DLT) DLT allows a group of computers to come to an agreement amid a minority of malicious or faulty computers Proof of Work Benefits: • Proven implementations • Market incentives Drawbacks: • Regulated by miners • Energy intensive Leader Based Benefits: • Proven implementations Drawbacks : • Regulated by leaders • Vulnerable to DDoS attacks • Slows as network scales Economy Based Benefits: • Self regulated • Resistant to DDoS attacks Drawbacks : • Not provably secure Hash- graph Benefits: • Resistant to DDoS attacks • Self regulated • Fast at determining finality Drawbacks : • Emerging implementations Speed: Low Finality: Probabilistic Speed: Medium Finality: Probabilistic Speed: High Finality: Deterministic Speed: Very High Finality: Deterministic