Ethereum DLT

Definition ∞ Ethereum DLT refers to the Ethereum blockchain as a distributed ledger technology, recording transactions and smart contract executions. As a permissionless and public DLT, Ethereum maintains a global, synchronized database accessible to all participants, secured by cryptographic proofs. It enables the creation of decentralized applications and digital assets through its programmable smart contract functionality. The network’s state is collectively maintained and verified by a global network of nodes, ensuring data integrity and censorship resistance.
Context ∞ Ethereum DLT remains a dominant force in the digital asset space, with its ongoing development, upgrades like the Merge, and ecosystem activity frequently making crypto news headlines. Its role as a foundational layer for decentralized finance (DeFi), NFTs, and other Web3 innovations continues to shape the broader blockchain landscape. Scalability and transaction costs on Ethereum are persistent topics of discussion, driving the development of layer-2 solutions.