Get ready to have your mind blown by Distributed Ledgers! Picture the scene: a high-tech digital database, crafted with precision to meticulously record transactions. With a wave of its magic wand, it does what we thought only digital banking apps and electronic transactions could achieve – it revolutionises how we manage our money. Pretty neat, huh? But wait, there's more. Much like a swift worker bee, this innovation is also efficient, promising streamlined transactions, greater convenience (who doesn’t love convenience!) and a sprinkle of cost reduction, just in case it hasn’t impressed you already. You might be thinking, “Oh, great another techie trying to sell me on blockchain,” but hold your horses! While the Blockchain is indeed the Beyoncé of distributed ledgers, this innovative technology has a whole ensemble cast ready for their turn under the spotlight. So gear up and dive deep into the world of distributed ledgers. Learn how they strut their stuff today and fantasise about their potential evolution in the future. So, What Exactly is a Distributed Ledger? A distributed ledger is a pretty clever breed of a database that doesn't like to play follow the leader. Instead, each member in a massive network—aka nodes—updates it independently using a super jazzy process called consensus, which is all about automated voting and synchronization. Who are these nodes you ask? They're computers spread out across the globe, each managed by smart humans like you and me. Instead… Read more