Definition ∞ Distributed Ledger Technology (DLT) refers to a decentralized database managed by multiple participants across various locations. Unlike traditional databases, DLTs maintain a shared, synchronized, and immutable record of transactions without a central authority. Blockchain is a specific type of DLT, but other forms exist, differing in their data structure and consensus mechanisms. DLT offers enhanced transparency, security, and operational efficiency for recording information.
Context ∞ DLT is a subject of extensive research and application beyond just cryptocurrencies, influencing various industries from supply chain management to digital identity. Discussions often revolve around its scalability limitations, energy consumption concerns, and the legal implications of its immutability. Regulatory bodies are working to define appropriate frameworks for DLT applications to balance innovation with risk management. The ongoing maturation of DLT promises significant transformations in data management and trust systems.
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