Today the public distributed ledger (DLT) Hedera Hashgraph released its Hedera consensus service (HCS), which can be used by external centralized applications and other blockchains such as Hyperledger Fabric. Hedera is the DLT that has ten large corporates on its governance board, including Boeing, Deutsche Telekom, Google, IBM and Nomura.
The core features of a distributed ledger are an ordered log of transactions and smart contracts.
Ignoring smart contracts for a moment, a distributed ledger’s consensus is the process that orders and timestamps a series of data often as hashes or digital fingerprints of data held elsewhere.
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