Distributed Ledger Definition What is Distributed Ledger Technology (DLT)? A distributed ledger is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, and/or institutions. Users of Distributed Ledger Technology (DLT) significantly benefit from the efficienies and economics by creating a more robust environment for real-time and secure data sharing. Contrary to common belief, the Bitcoin blockchain is not the only distributed ledger, in fact, many other users of Distributed Ledger Technology use different methodologies to achieve the same consensus (e.g. Ripple , MultiChain , HyperLedger Project ). Blockchain Definition What is Blockchain Technology? A blockchain is a type of distributed ledger, comprised of unchangable, digitally recorded data in packages called blocks . These digitally recorded "blocks" of data is stored in a linear...
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