what is dlt
What is DLT (Distributed Ledger Technology) DLT ( Distributed Ledger Technology ) is an innovative and transformative approach to recording and managing transactions over a network. DLT (Distributed Ledger Technology) is an innovative and transformative approach to recording and managing transactions over a network. It is a secure and decentralized way to keep a record of data and transactions that cannot be tampered with. This technology has many applications, beyond cryptocurrency like Bitcoin. Here is a 300-word explanation of DLT: DLT, at its core, is a database that distributes information across a network (computers), rather than relying on one central authority. Each node keeps an identical copy, and all transactions are recorded to ensure transparency and immutability. Decentralization The DLT does away with the need for intermediaries such as clearinghouses or banks by allowing many parties to join the network. Decentralization increases trust, security, and efficiency, by r