Distributed Ledger Technology DLT

Digram Distributed ledger technology or DLT is like this system for storing info or transactions but instead of one main place holding all the data it’s shared across lots of different computers or locations these computers are all connected to a network and they each have the same copy of the data so if something gets added or changed everyone sees it and agrees this makes it really hard to mess with or fake stuff because you’d have to change it everywhere at once DLT is decentralized which means no one person or group is in charge and that’s a big part of what makes it secure

the data is protected by cryptography which is like a way to scramble the info so only people with the right key can see or change it this keeps it safe from hackers or anyone trying to change the info in a sneaky way blockchain is a type of DLT but it’s not the only one blockchain uses blocks to store the info while other types of DLTs might use different ways to organize the data

DLT can be used in a lot of places like banking where it makes sure transactions are secure and can’t be faked or in supply chains where it helps track products so people know where they came from and where they’re going it’s all about making sure data is safe and everyone can trust it without needing a middleman or central authority

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