What are the different types of DLTs & how they work?

6 min read

Let me clarify from the get-go that although both the terms DLT (Digital Ledger Technology) & Blockchain are used interchangeably, there is a certain differentiation between the two that needs to be understood to clear any misconceptions. The 700-year old paper-based double entry system (debit/credit) which originated in Italy was prevalent everywhere till the invention of Computers & Internet. Although the idea of Blockchain gained relevance & fame after the launch of Bitcoin in 2008, the idea had been conceptualized as far back as 1991 when Stuart Haber and W. Scott Stornetta with their work on cryptographically secure (tamper proof) chain…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.