If you’ve been following cryptocurrencies and blockchain, you’ve heard about distributed ledger technology (DLT). Although the idea of distributed computing isn’t entirely new, the execution of distributed ledgers is one of the most ingenious inventions of our time. Distributed ledgers didn’t gain popularity until 2008 when the first cryptocurrency was created. Since then, they have evolved into programmable and scalable platforms where tech solutions that use ledgers and databases can be created. In very simple terms, distributed ledger technology may be defined as tech protocols and infrastructure that allow concurrent access to records, updates, and validations across a network of databases. In this article, we explore the differences between DLTs and blockchain and explain their benefits and limitations. Distributed Ledger Technology vs Blockchain Blockchain is a form of distributed ledger technology. However, there are many other types of DLT systems. As decentralized systems, blockchains and DLTs facilitate transparent and secure data storage and updating. However, major differences exist between the two. DLT systems use different structures to manage and store data while blockchains use linear blocks to record, store, and verify transactions. Each block has transaction data, a time stamp, and a cryptographic hash for the previous block. The other … The post Distributed Ledger Technology: A Comprehensive Overview appeared first on Tech Research Online.

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