Re: Private 'Distributed Ledgers' Miss the Point of a Blockchain

On the other hand, complaining that some proposed inter-ledger
communications protocol fails to address the issues that some particularly
complicated ledger system effectively addresses may miss the point of
talking about inter-ledger communications protocols.

Blockchain provides completely replicated distributed ledger data at high
energy cost.

Bitcoin Blockchain is a ledger. Collected journal entries are written into
it about every ten minutes. The service of writing journal entries to the
ledger is continuously auctioned.

Operations at the ledger level include:

    ways to insert new journal entries
    ways to reject/allow/accept journal entries
    ways to query ledger state
    purging policy

I just came up with "allow/accept" to differentiate between temporary and
settled states of a journal entry. An "allowed" entry would be like a
credit card hold, an "accepted" entry would be like a transaction that has
been written into the blockchain and verified. There may be better choices
for those words.