Distributed Ledger Technology (DLT) stores and provides access to a ledger in a us multiple redundant nodes.
DLT allows for the decentralized storage and management of data, such as financial transactions and other records. This is different from traditional databases, which are typically centralized and controlled by a single entity.
It allows multiple parties to maintain and update a shared database, which can help to ensure the integrity and security of the data.
This is important in the DeFi space, as it allows for transparent and trustworthy financial transactions without the need for a central authority.
Some common examples of DLT include blockchain technology, which is used in many popular cryptocurrencies, and directed acyclic graph (DAG) technology, which is used in some DeFi platforms.
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