Distributed Ledger Technology (DLT)
DLT is the broader category of technology that includes blockchain. It refers to databases spread across multiple sites, regions, or institutions.
Types of DLT
Public Ledgers
Open to anyoneFully decentralizedExamples: Bitcoin, EthereumPrivate Ledgers
Restricted accessControlled by organizationsExamples: Hyperledger FabricConsortium Ledgers
Shared between organizationsSemi-decentralizedExamples: R3 CordaBenefits of DLT
**Reduced intermediaries**: Direct peer-to-peer transactions**Increased efficiency**: Faster settlement times**Enhanced security**: No single point of failure**Improved auditability**: Complete transaction historyDLT vs Traditional Databases
| Feature | Traditional DB | DLT |
|---------|---------------|-----|
| Control | Centralized | Distributed |
| Trust | Authority-based | Cryptographic |
| Updates | Single admin | Consensus |