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MemberDecember 2, 2021 at 10:44 pm
Decentralized or Distributed ledger technology (DLT) is a protocol that provides the secure functioning of a decentralized digital database(commonly knowns as ‘Blockchain’). Distributed networks eliminate the need for a middle man to eliminate manipulation(no central authority).
DLT allows for the storage of all information leveraging cryptography. The same can be accessed using “keys” and cryptographic signatures. Once the information is stored, it becomes an immutable database and is governed in totality by the rules pre-programmed by the network protocol designer.