Distributed Ledger Technology (DLT)
By CoinGecko | Updated on Mar 03, 2020
Describes the technology that enables distributed ledger. This term is mostly used in the context of enterprise use cases where different modes of distributed ledger technology can be used for different business needs.
Related Terms
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Proof-of-Developer (PoD)
A concept of identifying the developers of a project as a means of vouching reputation for a project
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