Distributed Ledger Technology (DLT) is a decentralized database managed by multiple participants across different locations. Unlike traditional ledgers, which are controlled by a single entity, DLT allows all authorized participants to have access to the complete ledger and maintain a synchronized copy. This technology underpins cryptocurrencies such as Bitcoin and Ethereum, enabling peer-to-peer transactions that are secure and transparent. DLT works on the principle of consensus, meaning all changes to the ledger must be agreed upon by the network, enhancing security and reducing fraud.