distributed ledger technology (dlt) and blockchain

Distributed Ledger Technology (DLT) is a digital system that enables multiple participants to simultaneously maintain and update a shared database or ledger without the need for a central authority. It ensures transparency, security, and trust among participants through a decentralized network. Blockchain is a specific type of DLT that employs cryptographic techniques to form an immutable chain of blocks, representing a chronological record of transactions. Each block contains a unique digital fingerprint of the previous block, ensuring data integrity and making it extremely difficult to alter or tamper with the stored information.

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