A DLT platform is a system that utilizes distributed ledger technology to record transactions across multiple network participants simultaneously. Unlike traditional centralized databases, DLT platforms maintain a shared, synchronized, and immutable record of data. Blockchains are a prominent type of DLT. These platforms offer enhanced security, transparency, and efficiency for various applications.
Context
DLT platforms are central to the innovation discussions in finance, supply chain management, and digital asset creation. News frequently reports on new enterprise applications and advancements in DLT scalability and interoperability. The potential for DLT to transform existing industries is a recurring theme. Understanding DLT platforms is key to grasping the foundational technology of many digital assets.
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