What is the difference between the standard ledger and a blockchain ledger?
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pulab
Standard Ledger – centralised system, third regulatory party, open to unauthorised amendments, physical contracts oversight.
Blockchain Ledger – decentralised system, distributed consensus, built-in integrity and security, immutable, embedded smart contracts
Saqib Raza
The biggest difference between these two type of ledger is the decentralization that they have to offer. Blockchain ledger is decentralized which means that it offers unique capabilities such as trust, immutability, transparency, and security. Standard ledger does carry these features but is limited to certain extent.
As humans create, modify and monitor the standard ledger, there is always a chance of an error creeping in or worse a security breach. Blockchain ledger solves all the problems that standard ledger have by providing a decentralized version.