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Distributed Ledger

Distributed ledgers (DL) are databases that are consensually shared and synchronized across participating nodes. Replicated ledgers are stored on independent, distributed computers with attached storage that record, share, synchronize and verify transactions. Transactions are grouped in blocks that are linked using a cryptographic hash of the previous block, a timestamp, and transaction data. Distributed ledgers eliminate the need for a third party intermediary to verify a transaction.

Related Terms: Blockchain

from Poenitzsch, J., "How will Distributed Ledger Technology disrupt the Financial Industry?" at URL https://medium.com/nakamo-to/dlt-the-financial-industry-a73f096bfe56<br> and check https://www.coindesk.com/information/what-is-a-distributed-ledger<br> also check https://www.worldbank.org/en/topic/financialsector/brief/blockchain-dlt

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