What is the full form of DLT?
- on Jun 25, 2022
DLT stands for Distributed Ledger Technology.
|Full Form||Distributed Ledger Technology|
|Category||Computing » General Computing|
What is DLT?
DLT is a distributed database technology that is used specifically for tracking and managing transactions. Transactions are tracked by the use of blocks, which are similar to the blocks in a blockchain. Unlike blockchain, however, DLT can be used to track any type of data.
DLT has several key benefits that make it an attractive option for businesses. First, it is very efficient in terms of how information is transferred. This makes it ideal for use in industries such as financial services and healthcare.
DLT also has a low-latency feature, which means that transactions can be processed quickly. This is important in industries such as trading and logistics.
Finally, DLT is tamper-proof. This means that it is difficult for anyone to tamper with data stored on DLT systems. This makes it an ideal choice for businesses that need to keep their data safe and secure.