LeoGlossary: Distributed Ledger Technology (DLT)
A digital system where transactions of assets are recorded in multiple places simultaneously. This is a database where there is no central authority. Instead, nodes are set up that each run the software and synchronize the transactions. These nodes are the ones responsible for reaching consensus on all transactions.
Distributed Ledger Technology brings enhanced security since nodes are run individually, processing and validating each transaction, before synching up. Without a central database, cybercrime is reduced at the blockchain level.
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