Glossary - ChicksX

Distributed Ledger Technology (DLT) is a decentralized database that records transactions across multiple locations, ensuring transparency and security.

Distributed Ledger Technology (DLT) is a system that allows data to be stored across a network of distributed nodes. Unlike traditional databases, DLT does not rely on a central authority. Instead, each participant holds a synchronized copy of the ledger. This decentralization enhances security and reduces the risk of data manipulation. DLT is the foundation of blockchain technology. It is widely used in cryptocurrencies and other applications requiring secure, transparent, and tamper-proof record-keeping. It enables trustless interactions by ensuring data integrity without a central intermediary.