Digital Ledger Technology (DLT) is a system used to securely record and manage transactions across a network of computers. In the context of cryptocurrency, DLT is the technology underlying blockchain, which is a decentralized and transparent digital ledger used to store information about transactions.
In DLT, data is stored in blocks that are linked together in a chain, with each block containing a record of transactions. These blocks are stored on multiple computers in a network, making it difficult for any single entity to control or manipulate the data.
DLT ensures that transactions are secure and transparent as each block in the chain is encrypted and cannot be altered without the consensus of the network. This makes DLT a reliable system for recording and verifying transactions in a decentralized manner.
Overall, DLT is a foundational technology for cryptocurrencies like Bitcoin and Ethereum, providing a secure and transparent way to record and manage transactions without the need for a central authority.
