Review:
Distributed Ledger Technology
overall review score: 4.2
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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