Blockchain : DIFFERENCE BETWEEN BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGY
The term “Blockchain” has become so popular and mainstream just because of the entry of “bitcoin”. When Bitcoin came into existence, it gained popularity not immediately but gradually. People are familiar with the terms like blockchain, bitcoin, and cryptocurrency but are missing from the bigger picture that is Distributed Ledger Technology or DLT.
Let us see the broader picture and find out more about DLT and Blockchain.
**What is a Distributed Ledger Technology?**
Distributed Ledger Technology or DLT is a specific term used to describe technologies that distribute records or information which are used either publicly or privately.
In technical terms, DLT is a database which spread across various nodes or computing devices. Each of the nodes or computing devices replicate and save the identical copy of the ledger. Each participant node in the node updates itself independently…read more- [https://www.digixhub.com/difference-between-blockchain-and-distributed-ledger-technology/](https://www.digixhub.com/difference-between-blockchain-and-distributed-ledger-technology/)
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
Author: aishwarya061996
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