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The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)Distributed ledger technology is a platform that uses ledgers stored on separate, connected devices in a network to ensure data accuracy and security. Distributed ledger technology (DLT) is a digital system for recording the transaction of assets in which the transactions and their details are recorded in. It is a virtual currency that can be used for payments on a network that enables users to make non-reversible payments with transaction fees less than.