A DLT platform, short for Distributed Ledger Technology platform, is a digital system that allows multiple participants to securely and transparently record transactions on a network. In the context of cryptocurrency, a DLT platform serves as the infrastructure for decentralized systems like blockchain.
DLT platforms enable the decentralized nature of cryptocurrencies by storing information across a network of computers rather than a single centralized database. This ensures that no single entity has control over the entire system, making it more secure and resistant to tampering or fraud.
By using a DLT platform, cryptocurrency transactions can be verified and recorded by multiple participants in a secure and efficient manner. This eliminates the need for intermediaries such as banks or payment processors, reducing transaction costs and increasing the speed of transactions.
Overall, DLT platforms play a crucial role in the cryptocurrency ecosystem by providing the infrastructure for secure and decentralized transactions between participants on a network.
