In this video which is one of a six-part virtual workshop recording, Lead Developer Advocate, Greg Scullard, introduces different types of distributed ledger technology and consensus algorithms.

Take an introductory look at distributed ledger technology, like Ethereum blockchain and Hedera Hashgraph. In this beginning part of the workshop, Greg explains a high-level view of: the transition from centralized servers, to distributed, decentralized networks, the difference of public vs private networks, and various consensus algorithms like proof-of-work and proof-of-stake.

Comment below if you have questions on distributed ledger technology (DLT).

Timestamps for this video
0:00 Distributed Ledger Technology (DLT) - a definition
1:19 DLT general properties
3:44 What is centralization?
4:31 What is decentralization?
5:20 What are permissioned networks?
6:45 What are permissionless networks?
7:55 Blockchain vs DAG
10:43 Consensus Algorithm Types
11:57 What does Proof-of-Work do?
13:08 What does Proof-of-Stake do?
14:37 What does Delegated-Proof-of-Stake do?
15:30 What does hashgraph do?
16:18 Consensus Algorithms pros and cons
17:10 What is needed to make a DLT?

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