Distributed Ledger Technology (DLT) refers to a system that allows data to be stored across multiple locations or nodes instead of being held in a central database. This decentralized approach ensures that all participants in the network have access to the same data, which enhances transparency and security.In a DLT system, every transaction is recorded in a ledger that multiple users can view and verify. This helps to prevent fraud, as all changes to the ledger must be agreed upon by the network participants. Once recorded, transactions are difficult to alter, providing a robust method of maintaining data integrity.DLT can support various applications, but it is most well-known for its use in cryptocurrencies, where it enables secure peer-to-peer transactions without the need for intermediaries. Each block of data is linked to the previous one, forming a chain that can be audited and verified independently, thereby building trust among users.