MLchartDataset catalogue

Distributed ledger technology

Term · Law · MLC-T-LAW-001678

A digital system for recording transactions in which the records are stored in multiple places at the same time, also known as distributed ledger technology (DLT). Unlike a traditional centralized database, the ledger is maintained and validated by a consensus of participants across the network. This architecture forms the basis for cryptocurrencies like Bitcoin and applications involving smart contracts.

Table 1. Record
IdentifierMLC-T-LAW-001678
FieldLaw
AbbreviationDLT
Record as JSON 
{
  "id": "MLC-T-LAW-001678",
  "term": "Distributed ledger technology",
  "field": "Law",
  "definition": "A digital system for recording transactions in which the records are stored in multiple places at the same time, also known as distributed ledger technology (DLT). Unlike a traditional centralized database, the ledger is maintained and validated by a consensus of participants across the network. This architecture forms the basis for cryptocurrencies like Bitcoin and applications involving smart contracts.",
  "abbreviation": "DLT",
  "url": "https://mlchart.com/terminology/law/distributed-ledger-technology/"
}

Record 1,556 of 5,445 in Law terminology (MLC-0107). Request the full dataset.