A distributed ledger is a decentralised database that is spread across several computers or nodes.
DLT refers to the technological infrastructure and protocols that enable simultaneous access, validation, and record updating over a network spanning numerous organisations or places.
A Distributed Ledger Technology is just a database that exists in several locations. A DLT offers an advantage over a centralised database that is set up in a single location.
A DLT nurtures the idea of a decentralized network opposing the idea of the conventional “centralized” mechanism.
In fact, a DLT is the blockchain technology that was introduced by Bitcoin. The introduction of this technology revealed immense potential across businesses and sectors.