Abstracting away the technical complexity of blockchain components, Joget DX empowers non-coders to rapidly build decentralized applications (DApps). - by jogetworkflow lowcode nocode
When it comes to Distributed Ledger Technology, we need to focus on two words — decentralized and immutable. Decentralization means that all data is stored on the network in a distributed manner and stored on millions of computers simultaneously so that we don’t have to rely on a central authority to make decisions. Immutable refers to the fact that a blockchain ledger cannot be modified and is therefore impossible to fraudulently manipulate or tamper with.
When it comes to Distributed Ledger Technology, abbreviated as DLT, and the rising star blockchain technology, we need to focus on two words — decentralized and immutable. Decentralization means that all data is stored on the network in a distributed manner and stored on millions of computers simultaneously so that we don’t have to rely on a central authority to make decisions.
Unlike NFT, a native token is fungible, interchangeable, non-unique, divisible and all of them contain the same exact value. Most notable example of fungibility is, a government-issued currency that is not backed by any physical commodities. For example, $100 in your bank account is equivalent to $100 in your friend's wallet. The value will never change, regardless of which notes are used.
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