Distributed Ledger Technology (DLT) System

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A Distributed Ledger Technology (DLT) System is a database management system that provides a consensus of replicated, shared, and synchronized digital data spread across multiple sites, institutions, or countries without a central administrative system.



References

2024a

  • (Wikipedia, 2024) ⇒ https://en.wikipedia.org/wiki/Distributed_ledger Retrieved:2024-4-7.
    • A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is the consensus of replicated, shared, and synchronized digital data that is geographically spread (distributed) across many sites, countries, or institutions. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a single (central) point-of-failure.

      In general, a distributed ledger requires a peer-to-peer (P2P) computer network and consensus algorithms so that the ledger is reliably replicated across distributed computer nodes (servers, clients, etc.). The most common form of distributed ledger technology is the blockchain (commonly associated with the Bitcoin cryptocurrency), which can either be on a public or private network. Infrastructure for data management is a common barrier to implementing DLT.


2024b