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Distributed ledger technology or DLT is a word used to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly.
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Question 30 - 312-82 discussion

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_______is a word use to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly

A.

DAO

Answers
A.

DAO

B.

Ledger

Answers
B.

Ledger

C.

DLT

Answers
C.

DLT

D.

Blockchain

Answers
D.

Blockchain

Suggested answer: C

Explanation:

Distributed Ledger Technology (DLT) is a broad term used to describe technologies that store, distribute, and facilitate the exchange of value between users, either privately or publicly. DLT encompasses various types of ledgers, including blockchains, where data is replicated, shared, and synchronized across a distributed network.

Key Details:

Definition and Scope: DLT refers to a digital system for recording transactions across multiple locations simultaneously. It allows for decentralized data management and reduces the need for a central authority to maintain a ledger.

Private and Public Ledgers: DLT can be implemented in both private (permissioned) and public (permissionless) networks. In public DLT, anyone can participate, while private DLT restricts access to authorized participants only.

Examples of DLT: Blockchain is one form of DLT, but other types include Directed Acyclic Graphs (DAGs) and Hashgraph. Each of these has unique mechanisms for data storage and consensus.

Therefore, C. DLT is the correct answer, as it is the term that broadly covers technologies used for the exchange and storage of value in distributed systems.

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asked 24/10/2024
Christopher Scott
41 questions
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