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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.
Correct Answer: B
Distributed Ledger Technology (DLT)is the correct 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 systems, including blockchains, that operate in a decentralized manner to record and synchronize data across multiple locations. Key Details: * Definition of DLT: DLT is a digital ledger system that allows data to be stored across multiple nodes in a network. It ensures that all copies of the ledger are updated and synchronized, providing a secure and transparent way to record transactions without needing a centralized authority. * DLT vs. Blockchain: While blockchain is a form of DLT, not all DLTs are blockchains. For example, Directed Acyclic Graphs (DAGs) and Hashgraphs are also types of DLTs but do not necessarily use blocks or chains to organize data. * Private and Public Implementations: DLTs can be permissioned (private) or permissionless (public), enabling various use cases from enterprise solutions to decentralized public networks. Therefore,B. Distributed Ledger Technologyis the correct answer, as it broadly defines the technology for storing and distributing data across decentralized networks.
