DLT Framework

Definition ∞ A DLT framework provides the foundational structure and set of rules for building and operating distributed ledger technology applications. This framework defines how data is stored, validated, and synchronized across multiple nodes in a decentralized network. It encompasses consensus mechanisms, cryptographic protocols, and smart contract capabilities necessary for a distributed ledger system. It serves as the architectural blueprint for decentralized systems.
Context ∞ DLT frameworks are crucial for enterprises and developers creating blockchain solutions, offering standardized components for building secure and scalable decentralized applications. Key discussions involve the trade-offs between various consensus algorithms regarding speed, security, and decentralization. Ongoing advancements aim to enhance interoperability between different DLT frameworks and improve their performance for mainstream adoption. The selection of an appropriate DLT framework is a strategic decision for many projects.