Distributed Ledger
Also known as: DLT, Shared Ledger, Distributed Database, Replicated Ledger
A distributed ledger is a shared and synchronized digital database spread across multiple locations, enabling secure and tamper-proof transaction recording.
A distributed ledger is a decentralized database shared across multiple locations or institutions. It records transactions in a synchronized and tamper-resistant way, allowing independent verification without a central authority. Blockchains are a common type of distributed ledger, where data is stored in cryptographically linked blocks, ensuring transparency and security.