What are the differences between blockchain and DLT in the context of cryptocurrency?

6 answers

• Nuria CabotApr 14, 2024 · 2 years ago
  Blockchain and DLT are often used interchangeably, but they have some key differences. Blockchain is a specific type of DLT that uses a chain of blocks to record and verify transactions. It relies on a decentralized network of computers (nodes) to validate and store data. On the other hand, DLT is a broader term that encompasses various distributed ledger technologies, including blockchain. DLT can use different consensus mechanisms and data structures, such as directed acyclic graphs (DAGs) or hashgraphs, to achieve consensus and maintain a shared ledger. While blockchain is more commonly associated with cryptocurrencies like Bitcoin, DLT can be applied to a wider range of use cases beyond just financial transactions.
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• satyanarayana panthamMay 13, 2022 · 4 years ago
  Alright, let's break it down. Blockchain is like a specific type of DLT, kind of like how a square is a specific type of rectangle. Blockchain is built on a chain of blocks, where each block contains a list of transactions. These blocks are linked together using cryptographic hashes, forming a chain. The decentralized nature of blockchain ensures that no single entity has control over the network. DLT, on the other hand, is a broader concept that includes blockchain but also other types of distributed ledgers. DLT can use different consensus algorithms and data structures to achieve consensus and maintain a shared ledger. So, while all blockchains are DLTs, not all DLTs are blockchains.
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• Lokesh_SahMay 06, 2023 · 3 years ago
  In the context of cryptocurrency, blockchain and DLT serve similar purposes but have some technical differences. Blockchain, as the name suggests, is a chain of blocks where each block contains a set of transactions. It relies on cryptographic algorithms and a decentralized network to ensure the integrity and security of the data. DLT, on the other hand, is a broader term that encompasses various distributed ledger technologies, including blockchain. DLT can use different consensus mechanisms, such as proof-of-work or proof-of-stake, to validate transactions and maintain a shared ledger. While blockchain is widely known for its association with cryptocurrencies, DLT can be applied to other domains as well, such as supply chain management or voting systems.
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• Gerson RiveraApr 02, 2025 · 8 months ago
  As an expert in the field, I can tell you that blockchain and DLT are not exactly the same thing. Blockchain is a specific type of DLT that uses a chain of blocks to record and verify transactions. It relies on a decentralized network of computers to achieve consensus and maintain the integrity of the data. DLT, on the other hand, is a broader concept that includes blockchain but also other types of distributed ledgers. These ledgers can use different consensus mechanisms, such as proof-of-work or proof-of-stake, to validate transactions. So, while blockchain is a popular form of DLT in the context of cryptocurrency, it's important to understand that there are other DLT technologies out there.
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• JBauerMar 11, 2023 · 3 years ago
  Blockchain and DLT are often used interchangeably, but there are some nuances to consider. Blockchain is a specific type of DLT that uses a chain of blocks to record and validate transactions. It relies on a decentralized network of computers to achieve consensus and maintain the integrity of the data. DLT, on the other hand, is a broader term that encompasses various distributed ledger technologies, including blockchain. DLT can use different consensus mechanisms, such as proof-of-work or proof-of-stake, to validate transactions and maintain a shared ledger. While blockchain is widely known for its association with cryptocurrencies, DLT has the potential to revolutionize various industries beyond just finance.
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• preetham varmaJun 25, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, can shed some light on this topic. Blockchain and DLT are often used interchangeably, but they have distinct differences. Blockchain is a specific type of DLT that utilizes a chain of blocks to record and validate transactions. It relies on a decentralized network of computers to achieve consensus and maintain the integrity of the data. DLT, on the other hand, is a broader term that encompasses various distributed ledger technologies, including blockchain. DLT can employ different consensus mechanisms, such as proof-of-work or proof-of-stake, to validate transactions and maintain a shared ledger. While blockchain is commonly associated with cryptocurrencies, DLT has the potential to transform industries beyond just finance.
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