Distributed Ledger Technology
**Distributed Ledger Technology**
What is Distributed Ledger Technology?
Distributed Ledger Technology (DLT) is a database that is consensually shared and synchronized across multiple participants or nodes. Unlike traditional databases, there is no central administrator. Information is recorded in a way that makes it difficult or impossible to change or delete, enhancing transparency and security. DLT is commonly used for cryptocurrencies (like Bitcoin), supply chain management, digital identity verification, and secure data sharing.
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