DLT
Distributed Ledger Technology - a decentralized digital system for recording transactions across multiple computers, ensuring security and immutability.
What is DLT?
Distributed Ledger Technology (DLT) is a decentralized digital system for recording transactions across multiple computers (nodes) in a network, ensuring security, transparency, and immutability without a central authority. Unlike traditional databases, DLT distributes data across participants, with consensus mechanisms like proof-of-work or proof-of-stake validating updates. Blockchain, a type of DLT, organizes data into cryptographically linked blocks, as seen in Bitcoin and Ethereum.
Related Terms
Open Interest
The total value of outstanding perpetual swap contracts on a Perp DEX.
DYOR
Do Your Own Research (DYOR) is a widely used acronym in the digital asset space, urging investors to independently verify information before committing funds to any project or token.
Double Spend
Attempting to spend the same digital asset more than once in a blockchain network.
BTC Risk (MSTR)
The annual probability that a liability's BTC Rating falls below 1x, estimated via Black-Scholes for asset drawdown.
KYC
Regulatory process verifying user identities to prevent illicit activities, mandatory on centralized exchanges but optional in DeFi.
Ethena USDe
A synthetic digital dollar stable asset on Ethereum, backed by hedged collateral to maintain a $1 peg while generating yield for holders.