A distributed ledger technology[1] that uses a directed acyclic graph (DAG) data[5] structure and consensus[2] algorithm[3] to achieve high throughput, fairness, and security[4].
Defined Terms
1. ↑ distributed ledger technology.
The broader term for technologies like blockchain and HolochainTM that enable decentralized and distributed ledgers.
2. ↑ consensus.
The process of achieving agreement among participants in a distributed network on the validity of transactions or actions.
3. ↑ algorithm.
Step-by-step instructions or procedures followed by a computer to solve a specific problem or perform a particular task.
