DistributedLedger Technology (DLT) is a cryptographic technique to reach
consensus between different nodes or servers. A single identical ledger or
information is shared across all nodes of the network. Each node verifies the
information or ledger independently. Therefore, a consensus is reached only
when the information verified by the nodes give the same output in the
majority. The nodes attempting to change the facts of the smart contracts or
transactions are boycotted eventually. Distributed Consensus is the first step
towards a decentralized democratic financial governance system.
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