{"id":6347,"date":"2021-10-28T16:37:37","date_gmt":"2021-10-28T21:37:37","guid":{"rendered":"https:\/\/www.ricardoorrantia.com\/?p=6347"},"modified":"2022-01-26T16:00:34","modified_gmt":"2022-01-26T22:00:34","slug":"distributed-ledgers-focused-on-digital-assets","status":"publish","type":"post","link":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/","title":{"rendered":"Distributed ledgers focused on digital assets"},"content":{"rendered":"\r\n
Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger. It is a digital system that lets users and systems record transactions related to assets, data, supply chain, votes, etc. A distributed ledger technology stores the information at multiple locations at any given point in time but unlike databases, they don\u00b4t have a central place where information is stored.<\/p>\r\n\r\n\r\n\r\n
It becomes more and more important to understand DLT because one of the main technologies that are under its umbrella, although not the only one, is blockchain and nowadays blockchain is having an immense application in our day-to-day chores.<\/p>\r\n\r\n\r\n\r\n
DLT has three main elements or features that make this kind of technology unique, efficient, scalable, and secure: Decentralization makes it work as a network with multiple transactions and low maintenance, Consensus Algorithms to avoid malicious outcomes like a conflict of ownership or disagreements, and cryptography which enables users to securely propose changes or transactions to the network.<\/p>\r\n\r\n\r\n\r\n
The next thing we need to have in mind is that DLT works with digital assets. If it is not that clear to you what a Digital asset is please see the following graph from UBS:<\/p>\r\n\r\n\r\n\r\n
\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n
Although digital assets are the core of a well-functioning DLT ecosystem some stakeholders play a crucial role in nurturing it which based on their main activities are:<\/p>\r\n\r\n\r\n\r\n
Developers: the ones that create crypto coins, tokens, and the applications to use them.<\/p>\r\n\r\n\r\n\r\n
Validators & Miners: They verify and settle the movements of these assets among the blockchain.<\/p>\r\n\r\n\r\n\r\n
Exchanges:\u00a0 Let\u00b4s call them \u201cdigital banks\u201d they offer users the possibility to trade digital assets which can either be regulated (centralized) or unregulated (decentralized) using private keys.<\/p>\r\n\r\n\r\n\r\n
Users: They benefit from trading and exchanging their digital assets and move them around the ecosystem.<\/p>\r\n\r\n\r\n\r\n
Supporting services: They assist all the other participants in matters like security, audit services, improvements, identifying bugs, and infrastructure.<\/p>\r\n\r\n\r\n\r\n
Now that you have the basis of how Distributed Ledger Technology works you will want to know more about it and how it applies to our daily lives. Its adoption is forthcoming in numerous ways, to have an idea please see the graph below:<\/p>\r\n\r\n\r\n\r\n
\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n
If you what to know more about DTL, Decentralized finance (Defi), and more please subscribe to my newsletter and receive my latest publications in your email.<\/p>\r\n\r\n\r\n\r\n
Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger.<\/p>\n","protected":false},"author":1,"featured_media":6352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[360],"tags":[],"yoast_head":"\n
Distributed ledgers focused on digital assets - Ricardo Orrantia Cantu<\/title>\n<meta name=\"description\" content=\"Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Distributed ledgers focused on digital assets - Ricardo Orrantia Cantu\" \/>\n<meta property=\"og:description\" content=\"Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Ricardo Orrantia Cantu\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-28T21:37:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-26T22:00:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ricardoorrantia.com\/wp-content\/uploads\/2021\/10\/Distributed-ledgers-focused-on-digital-assets-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ricardo Orrantia Cant\u00fa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@RicardOrrantiaC\" \/>\n<meta name=\"twitter:site\" content=\"@RicardOrrantiaC\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ricardo Orrantia Cant\u00fa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/\"},\"author\":{\"name\":\"Ricardo Orrantia Cant\u00fa\",\"@id\":\"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0\"},\"headline\":\"Distributed ledgers focused on digital assets\",\"datePublished\":\"2021-10-28T21:37:37+00:00\",\"dateModified\":\"2022-01-26T22:00:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/\"},\"wordCount\":444,\"publisher\":{\"@id\":\"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/\",\"url\":\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/\",\"name\":\"Distributed ledgers focused on digital assets - Ricardo Orrantia Cantu\",\"isPartOf\":{\"@id\":\"https:\/\/www.ricardoorrantia.com\/#website\"},\"datePublished\":\"2021-10-28T21:37:37+00:00\",\"dateModified\":\"2022-01-26T22:00:34+00:00\",\"description\":\"Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.ricardoorrantia.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Distributed ledgers focused on digital assets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ricardoorrantia.com\/#website\",\"url\":\"https:\/\/www.ricardoorrantia.com\/\",\"name\":\"Ricardo Orrantia Cantu\",\"description\":\"Con visión de empresario\",\"publisher\":{\"@id\":\"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ricardoorrantia.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0\",\"name\":\"Ricardo Orrantia Cant\u00fa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.ricardoorrantia.com\/\/wp-content\/uploads\/2021\/04\/ricardo-orrantia.jpg\",\"contentUrl\":\"https:\/\/www.ricardoorrantia.com\/\/wp-content\/uploads\/2021\/04\/ricardo-orrantia.jpg\",\"width\":500,\"height\":500,\"caption\":\"Ricardo Orrantia Cant\u00fa\"},\"logo\":{\"@id\":\"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Distributed ledgers focused on digital assets - Ricardo Orrantia Cantu","description":"Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/","og_locale":"en_US","og_type":"article","og_title":"Distributed ledgers focused on digital assets - Ricardo Orrantia Cantu","og_description":"Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger.","og_url":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/","og_site_name":"Ricardo Orrantia Cantu","article_published_time":"2021-10-28T21:37:37+00:00","article_modified_time":"2022-01-26T22:00:34+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.ricardoorrantia.com\/wp-content\/uploads\/2021\/10\/Distributed-ledgers-focused-on-digital-assets-scaled.jpg","type":"image\/jpeg"}],"author":"Ricardo Orrantia Cant\u00fa","twitter_card":"summary_large_image","twitter_creator":"@RicardOrrantiaC","twitter_site":"@RicardOrrantiaC","twitter_misc":{"Written by":"Ricardo Orrantia Cant\u00fa","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/#article","isPartOf":{"@id":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/"},"author":{"name":"Ricardo Orrantia Cant\u00fa","@id":"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0"},"headline":"Distributed ledgers focused on digital assets","datePublished":"2021-10-28T21:37:37+00:00","dateModified":"2022-01-26T22:00:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/"},"wordCount":444,"publisher":{"@id":"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0"},"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/","url":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/","name":"Distributed ledgers focused on digital assets - Ricardo Orrantia Cantu","isPartOf":{"@id":"https:\/\/www.ricardoorrantia.com\/#website"},"datePublished":"2021-10-28T21:37:37+00:00","dateModified":"2022-01-26T22:00:34+00:00","description":"Have you heard about Distributed Ledger Technology or DLT?\u00a0 It is also known as a shared ledger.","breadcrumb":{"@id":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ricardoorrantia.com\/en\/distributed-ledgers-focused-on-digital-assets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.ricardoorrantia.com\/en\/"},{"@type":"ListItem","position":2,"name":"Distributed ledgers focused on digital assets"}]},{"@type":"WebSite","@id":"https:\/\/www.ricardoorrantia.com\/#website","url":"https:\/\/www.ricardoorrantia.com\/","name":"Ricardo Orrantia Cantu","description":"Con visión de empresario","publisher":{"@id":"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ricardoorrantia.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/506236faae858d54b7fcee759b5cbfb0","name":"Ricardo Orrantia Cant\u00fa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/image\/","url":"https:\/\/www.ricardoorrantia.com\/\/wp-content\/uploads\/2021\/04\/ricardo-orrantia.jpg","contentUrl":"https:\/\/www.ricardoorrantia.com\/\/wp-content\/uploads\/2021\/04\/ricardo-orrantia.jpg","width":500,"height":500,"caption":"Ricardo Orrantia Cant\u00fa"},"logo":{"@id":"https:\/\/www.ricardoorrantia.com\/#\/schema\/person\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/posts\/6347"}],"collection":[{"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/comments?post=6347"}],"version-history":[{"count":2,"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/posts\/6347\/revisions"}],"predecessor-version":[{"id":6429,"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/posts\/6347\/revisions\/6429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/media\/6352"}],"wp:attachment":[{"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/media?parent=6347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/categories?post=6347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ricardoorrantia.com\/en\/wp-json\/wp\/v2\/tags?post=6347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/www.ricardoorrantia.com\/wp-content\/uploads\/2021\/10\/Imagen-1.png\")
<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n![\"\"](\"https:\/\/www.ricardoorrantia.com\/wp-content\/uploads\/2021\/10\/Imagen-2.png\")
<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n