What are the alternatives to blockchain?

Apart from the blockchain, the forms of distributed ledgers are: Radix (Tempo). Today we will talk about those solutions that are a direct alternative to Blockchain technology. Let’s talk about the principles of DAG without diving into technical details.

What is a sustainable blockchain?

Blockchain is a decentralized system, which means that each node makes independent decisions, and a sustainable system is based on the aggregate decisions of all nodes. Simply speaking, a consensus is achieved through the interaction of all nodes connected to the network.

How does blockchain work?

Blockchain does not store any of its information in a central location. Instead, the blockchain is copied and spread across a network of computers. Whenever a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change.

When was blockchain invented?

Blockchain technology was first outlined in 1991 by Stuart Haber and W. Scott Stornetta, two researchers who wanted to implement a system where document timestamps could not be tampered with. But it wasn’t until almost two decades later, with the launch of Bitcoin in January 2009, that blockchain had its first real-world application. 1