A DLT network, or Distributed Ledger Technology network, is a decentralized system for recording transactions and data across multiple computers without a central authority. Each participant maintains a copy of the ledger, and updates are synchronized through a consensus mechanism. Blockchain is a specific type of DLT. These networks offer enhanced transparency, security, and immutability for record-keeping. They are foundational to cryptocurrencies and many enterprise blockchain solutions.
Context
The discussion around DLT networks often focuses on their potential to revolutionize various industries beyond finance, including supply chain management and healthcare. A key debate involves the trade-offs between public, permissionless DLTs and private, permissioned DLTs regarding scalability, privacy, and control. Future developments include interoperability solutions allowing different DLT networks to communicate and exchange assets. This aims to create a more connected and efficient global digital infrastructure.
Ten European institutions launched a regulated DLT network for capital markets tokenization, boosting efficiency and unifying the digital asset ecosystem.
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