What is Distributed ledger Technology?

 Distributed ledger technology (DLT) is one of the key technologies responsible for bringing the openness of the web back without compromising its security. The commercial and legal transactions can now be handled completely on the web as DLTs provide a more secure and accountable environment for exchanging digital assets in the forms of currencies, popularly known as cryptocurrency.

A distributed ledger is a distributed record of transactions, maintained by consensus among a network of peer to peer nodes. Consensus can be described professionally as an acceptable resolution, one that can be supported. It is basically a mechanism that is used to achieve the required agreement on a single data between the distributed system. It is useful in recordkeeping.

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