DLT is a decentralised system (Which eliminates the need for central authority) of protocols and technology that allows multiple nodes in different locations to propose, validate and update transactions across a network. They’re synchronised and maintained in a shared distributed database that exists across various locations to ensure transparency and security, all transactions and records in the DLT are timestamped and given a unique cryptographic signature (Hash) making it essentially unencryptable for the time being (until quantum computing properly comes along lol)
To summarise it, DLT is basically a distributed database, spanning across multiple sites geographically and is not stored, validated or governed by any one person, it’s open and transparent!
It is verifiable and auditable history
Despite decentralised in nature, when the implementer of DLT has greater control over how it is actually implemented
Distributed ledgers are mostly permissioned databases
DLT is very similar to the (blockchain)
Unlike Blockchain, DLT doesn’t necessarily require having a data structure (like the block thing with the previous hash) in blocks.