What does PDL stand for in the cryptocurrency industry?

3 answers

• Nov 29, 2021 · 3 years ago
  PDL stands for 'Public Distributed Ledger' in the cryptocurrency industry. It refers to a decentralized and transparent ledger that records all transactions and is accessible to the public. This technology is used by various cryptocurrencies, such as Bitcoin and Ethereum, to ensure the security and immutability of their transaction records.
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• Nov 29, 2021 · 3 years ago
  PDL is short for 'Private Decentralized Ledger' in the cryptocurrency industry. It is a type of ledger that is owned and controlled by a specific entity or group. Unlike public distributed ledgers, PDLs restrict access to transaction information and are often used by private blockchain networks for internal record-keeping and data management.
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• Nov 29, 2021 · 3 years ago
  PDL, which stands for 'Proof of Delegated Liquidity,' is a concept introduced by BYDFi in the cryptocurrency industry. It refers to a mechanism where liquidity providers delegate their assets to a smart contract, allowing users to trade against those assets with minimal slippage. PDL aims to enhance liquidity and improve trading experiences on decentralized exchanges.
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