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Distributed Ledger Technology (DLT)

Distributed Ledger Technology (DLT) is a digital system for recording and verifying transactions. It is a decentralized database that is spread across a network of computers or nodes, and each node has a copy of the ledger. DLT allows for secure and transparent tracking of transactions, making it useful in industries such as finance, healthcare, and logistics.

An example of DLT is the blockchain technology behind Bitcoin and other cryptocurrencies. Each block in the chain contains a record of multiple transactions that are verified by nodes on the network. Once a block is added to the chain, it cannot be altered or deleted, providing a secure and transparent ledger of all transactions.

  • Know Your Customer (KYC)
    KYC stands for “Know Your Customer” and it is a process used by businesses and financial institutions, including cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More exchanges, to verify the identities of their customers. This is done […]
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  • Bid Price
    The bid priceThe bid price is the highest price that a buyer is willing to pay for a particular asset, such as a cryptocurrency, at a given... More is the highest price that a buyer is willing to pay for a particular asset, such as a cryptocurrencyCryptocurrency is a digital or virtual currency that uses […]
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  • ERC-20
    ERC-20ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain. It defines a set of rules and functions that allow for the... More is a technical standard used for smart contracts on the EthereumEthereum is a type of cryptocurrency that is similar to Bitcoin, but with some important differences. One of the […]
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