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What is Distributed Ledger Technology?

Distributed Ledger Technology (DLT) is a cryptographic technique to reach consensus between different nodes or servers. A single identical ledger or information is shared across all nodes of the network. Each node verifies the information or ledger independently. Therefore, a consensus is reached only when the information verified by the nodes give the same output in the majority. The nodes attempting to change the facts of the smart contracts or transactions are boycotted eventually. Distributed Consensus is the first step towards a decentralized democratic financial governance system. 

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