Distributed ledger technologies (DLT) the technology behind cryptocurrencies: blockchain.
What is DLT?
Distributed ledger technologies that can be programmed to record and track anything of value, from financial transactions, medical records or land titles.
What is Blockchain?
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what's known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today.
Below video provides introduction to blockchain technology: how it tracks and stores data, how it fosters trust, and how it facilitates peer-to-peer transactions without the involving middlemen like bankers or lawyers.
Post a Comment