Blockchain and DLT (Distributed Ledger Technology) are buzzwords that are quickly gaining popularity in the world of finance and technology. But what do they really mean?
At its core, blockchain is a decentralized database that enables secure and transparent transactions without the need for a middleman. It is made up of a continuously growing chain of blocks, each of which contains encrypted transaction data.
DLT is a broader term that includes blockchain as well as other decentralized ledger technologies. It provides a way for multiple parties to access and update a distributed ledger in a trustless and secure manner.
Understanding the meaning of blockchain and DLT is crucial for professionals who work in these industries. With their potential to revolutionize the way we transact, it is important to stay up to date with the latest developments in these technologies.
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