Distributed Ledger Technology (DLT)

Distributed Ledger Technology (DLT) is a digital system for recording and sharing data across multiple computers, ensuring that all participants have an identical, transparent record. Unlike traditional databases stored in a single location, DLT distributes data across a network, making it difficult to alter or tamper with. This technology underpins cryptocurrencies like Bitcoin and offers secure, efficient ways to track transactions, assets, or information without relying on a central authority. Its key strengths are decentralization, transparency, and security, fostering trust and reducing the risk of fraud in digital transactions.