Distributed Ledger Technology (DLT) is a decentralized database system that allows multiple participants to maintain a synchronized and immutable record of transactions. Unlike traditional databases, DLT does not rely on a central authority, which enhances security and transparency. Each participant in the network has access to the same data, ensuring that all transactions are verified and recorded in real-time. This technology is foundational for cryptocurrencies and has applications in various sectors, including finance, supply chain, and healthcare, where trust and data integrity are paramount.