Distributed ledger
STORE OF DIGITAL DATA SPREAD ACROSS MULTIPLE SITES AND SYNCHRONIZED VIA A CONSENSUS ALGORITHM
Distributed Ledger; Shared ledger; Distributed ledger technology; Distributed Ledger Technology
A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is the consensus of replicated, shared, and synchronized digital data that is geographically spread (distributed) across many sites, countries, or institutions. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a single (central) point-of-failure.