Search results
- DictionaryDis·trib·u·ted led·ger
noun
- 1. a digital system in which records of currency transactions (typically using bitcoin or similar cryptocurrencies) are simultaneously maintained at multiple points throughout a network: "with a distributed ledger that basically keeps track of everything, you can start putting a lot more transparency into the way the government does its business"
Powered by Oxford Languages
Jun 15, 2023 · Distributed Ledgers: A distributed ledger is a database that is consensually shared and synchronized across network spread across multiple sites, institutions or geographies. It allows ...
- Christina Majaski
A distributed ledger can be used to record static data, such as a registry, and dynamic data, such as financial transactions. Blockchain is a well-known example of a distributed ledger technology. DLT's main difference from traditional centralized ledgers is that a copy of the ledger is distributed to each node on the network, and every node ...
People also ask
What is distributed ledger technology?
What is distributed ledger technology (DLT)?
Are distributed ledger technology and blockchain the same?
Why is distributed ledgers important?
Distributed ledger technology (DLT) is a digital system that allows multiple parties to share and update a common database in a decentralised way, without relying on a trusted third party. . DLT is a broader category of technologies of which the most well-known and widespread is blockchain.
Aug 21, 2023 · Distributed ledger technology, or DLT, is a decentralized digital system that uses an independent network of computers called nodes. It simultaneously proposes, records, validates, synchronizes, and shares transaction details or data in a shared ledger distributed across multiple places. Unlike a traditional database, in DLT, data is ...
Nov 12, 2023 · Distributed Ledger Technology (DLT) is a decentralized system that enables multiple participants to maintain and update a single, synchronized data ledger. DLT eliminates the need for intermediaries and provides immutability, transparency, and enhanced security to financial transactions. DLT, often used interchangeably with blockchain ...
Jan 21, 2019 · A distributed ledger is an online record of data and transactions. It is similar to the databases we highlighted above, except data is stored in multiple places at the same time. DLT is the collective name given to any technology which uses this kind of system. Some well known examples of Distributed Ledger Technology include:
