Is blockchain a dlt

is blockchain a dlt

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The three basic requirements are: lot of money, time, and.

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Improved By :. Various jurisdictions are still figuring out how to regulate and classify DLT-based applications. Distributed Ledger Technology DLT is a type of database that is decentralised in nature, eliminating the need for an intermediary to process, validate or authenticate transactions. Advantages of Blockchain : Blockchain technology enables businesses to verify any transaction without involving any intermediaries.