DLT: Distributed Ledger Technology
DLT is abbreviated as distributed ledger technology which is a digital system for recording transactions. The transaction details are recorded in multiple places at the same time. As compared to traditional transactions system all details will be stored in centralised databases in traditional system. But DLT has decentralised data store or no administration functionality.
A distributed ledger is type of database that is shared, replicated and synchronised among the members of decentralised network in DLT. The distributed ledger records all transactions, such as exchange of assets or data, among the participants in the network.
Hill Station view :
DLT is abbreviated as distributed ledger technology which is a digital system for recording transactions. The transaction details are recorded in multiple places at the same time. As compared to traditional transactions system all details will be stored in centralised databases in traditional system. But DLT has decentralised data store or no administration functionality.
A distributed ledger is type of database that is shared, replicated and synchronised among the members of decentralised network in DLT. The distributed ledger records all transactions, such as exchange of assets or data, among the participants in the network.
Hill Station view :
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