Distributed ledgerA ledger is a database that stores recorded data; a distributed ledger synchronizes that data across a network of nodes.... Read More technology (DLT) is a group of technologies enabling the decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More distribution of digital ledgers or databases. “Blockchain” is one such example. BlockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More technology allows participating nodes in a network to share and update a digital ledgerA digital ledger is an online record of transactions. The digital ledger tracks financial or other data. Read More without a central authorityA central authority is an entity that holds centralized control over something, such as a financial exchange, asset, or transaction.... Read More. This process enables the creation of an accurate, real-time shared ledger that records transactions and provides security and transparencyTransparency in blockchain technology refers to the immutability and public nature of the ledger—allowing anyone to view transactions on the... Read More for all participants involved. While some distributed digital ledgers do not use blockchain technology and require a central authority, distributed ledger technology does allow for decentralized distribution.
