Ledger technology refers to systems used for recording and maintaining a chronological, immutable record of transactions. Traditional ledgers are centralized, controlled by a single entity. Distributed Ledger Technology, such as blockchain, operates as a decentralized, shared, and synchronized database across multiple participants. It provides transparency and resistance to tampering.
Context
Ledger technology, particularly Distributed Ledger Technology, is the foundational innovation underlying cryptocurrencies and many digital assets. News often covers its application beyond finance, including supply chain management, digital identity, and healthcare. Debates persist regarding scalability, interoperability, and energy consumption among different DLT implementations. The ongoing evolution of these technologies shapes the future of decentralized systems.
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