Distributed Ledger Technology
Distributed Ledger Technology (DLT) is a decentralized digital system for recording transactions across multiple nodes or computers, eliminating the need for a central authority. It enables secure, transparent, and immutable record-keeping through consensus mechanisms, where data is synchronized and validated across the network. DLT forms the foundation for applications like cryptocurrencies, smart contracts, and supply chain tracking.
Developers should learn DLT when building decentralized applications (dApps), financial systems, or solutions requiring tamper-proof data integrity, such as in healthcare, voting, or identity management. It is essential for roles in blockchain development, fintech, or industries prioritizing transparency and security without intermediaries, like in cross-border payments or asset tokenization.