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Review:

Distributed Ledger Technology

overall review score: 4.2
score is between 0 and 5
Distributed ledger technology (DLT) is a digital system that records transactions across multiple locations in a secure and transparent manner. It is the underlying technology behind cryptocurrencies like Bitcoin.

Key Features

  • Decentralized
  • Immutable
  • Transparent
  • Secure

Pros

  • Enhanced security through decentralization
  • Transparency of transactions
  • Elimination of intermediaries

Cons

  • Scalability challenges
  • Energy-intensive mining process for some DLTs

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Last updated: Tue, Dec 10, 2024, 08:23:17 PM UTC