Definition ∞ DLT technology refers to distributed ledger technology, a decentralized system for recording transactions across multiple computers. DLT systems maintain a continuously synchronized, immutable database across a network of nodes, with each node holding an identical copy of the ledger. This architecture eliminates the need for a central authority to validate or store transactions. Blockchain is a specific type of DLT that organizes data into blocks linked cryptographically. DLT offers enhanced transparency, security, and efficiency for various applications beyond cryptocurrencies.
Context ∞ DLT technology is widely considered across numerous industries, including finance, supply chain management, and healthcare, for its potential to streamline processes and reduce intermediaries. Discussions often center on its regulatory classification and the development of common standards for interoperability. Future applications are expected to extend its use cases far beyond its current scope in digital assets.
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