Distributed Ledger
concept
blockchain
A distributed ledger is a replicated record shared across many nodes, keeping participants synchronized on transactions or state.
- Also known as
- DLT
1
concept
Distributed ledger technology (DLT) includes blockchains and other replicated databases where participants maintain shared records. Consensus protocols, permissions, and audit rules determine how honest nodes converge on the same state.
2
properties
Key properties may include immutability, transparency, auditability, and fault tolerance. Tradeoffs vary between permissionless systems open to anyone and permissioned systems run by known participants.
Conceptual links
Related terms
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