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distributed ledger technology dlt dlt vs blockchain what is dlt

Distributed Ledger Technology (DLT) and Blockchain

Written By Ivan on Tech

Jun 21, 2020

DLT, which is short for ”distributed ledger technology”, and blockchain are two similar terms. Their similarities make them confusing to separate, and in some cases, some are using them as synonyms. Although they are similar in a lot of ways and share features, they are still not exactly the same. 

In essence, blockchain is a kind of distributed ledger technology, or DLT, which might explain why people are confusing the two terms with one another. This means that DLT is the umbrella expression that blockchain falls under. This means that the term blockchain was coined after distributed ledger technology. Nonetheless, the more familiar word is that of blockchain. This is one of those instances when the name of a “product”, much like rollerblades, yo-yo or aspirin, takes over and becomes the word for a whole phenomenon. In this case, blockchain is always one kind of DLT, but all DLTs are not always blockchains. 

The word blockchain is also trendy to...

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blockchain dlt crypto dlt distributed ledger technology dlt dlt trading

What Is DLT Trading? Detailed Breakdown of Distributed Ledger Technology Trading

Written By Ivan on Tech

May 01, 2020

The blockchain is often known as a “DLT” system. Specifically, DLT stands for distributed ledger technology, and is a digital decentralized system for verifying and recording asset transactions. This means that the system becomes more resilient, as it exists in various places at the same time.

DLT (Distributed Ledger Technology)

Anyone familiar with blockchain technology will likely recognize this definition of DLT. A previous Ivan on Tech Academy article, in which we answer “what is the blockchain”, demonstrates the advantages of distributed ledger technology in various industries. Moreover, this is primarily due to the unique and far-reaching application opportunities of DLTs.

Put simply, a distributed ledger consists of nodes that process and verify items. In doing so, DLTs generate records of various items and reach “consensus”, an agreement, on the items’ validity, or “veracity”. 

This means that a DLT ledger is...

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