Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
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...