View source for Distributed Ledger Technology (DLT)

* The following information comes from [https://media.consensys.net/answers-to-the-40-most-asked-questions-about-blockchain-2b69d1191801 this post] by [[Consensys]] (5-9-2019):
''"Distributed ledger technology is a broad category that encompasses [[blockchain]] technology. A [https://media.consensys.net/blockchain-vs-distributed-ledger-technologies-1e0289a87b16 distributed ledger] is just what its name implies. Instead of accounting for data through one centralized computer, distributed ledger technology uses many participants in a network to maintain a digital record. Blockchain technology supplements a distributed ledger with cryptographic functions and a consensus algorithm to enable greater incentive design, security, accountability, cooperation, and trust."''
* From [https://www.bbva.com/en/difference-dlt-blockchain/ this website] (26-4-2018):
"''What is the difference between blockchain and DLT? It is simpler than it might appear. A blockchain, a chain of [[blocks]], is a type of DLT. Meaning, this is a case of a common phenomenon of name recognition causing confusion: when the success of a specific service, product, or application overtakes the “umbrella” to which it belongs and ends up devouring its namesake. In the same way not all sticky notes are Post-it, not all DLTs are blockchain.''

''From a more technical perspective, a DLT is simply a [[decentralized]] database that is managed by various participants. There is no central authority that acts as arbitrator or monitor. As a distributed log of records, there is greater transparency – making fraud and manipulation more difficult – and it is more complicated to hack the system."''

[[Category:Jargon/Various]]