DLT or Distributed Ledger Technology, what a buzzword! I mean, who needs a centralized database when we have DLT, right? It's the answer to all our problems. Or is it?
Yes, DLT allows for a decentralized database, but let's not forget that it's still in its infancy. It's like a toddler trying to run before learning to walk. Sure, it's exciting and promising, but it's also full of challenges and risks.
Security is a major concern in DLT. With all these nodes keeping records, how can we ensure the safety and privacy of the data? Not to mention the potential for human error in recording transactions.
And let's be real, DLT isn't cheap. The cost to operate and maintain a distributed ledger network is much higher than a centralized database. So, is it really worth it?
In conclusion, DLT is a fascinating technology with endless possibilities. However, it's important to approach it with caution and not jump on the bandwagon blindly. Let's see how it evolves and if it can truly live up to the hype.
KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Join our Telegram group to learn more.
0 Comments