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Distributed ledger technology (DLT)
The basics

Distributed ledger technology (DLT)

The broader category that blockchain belongs to. A distributed ledger is any record-keeping system shared and maintained across multiple participants rather than held centrally by one. Despite blockchain being a type of DLT, you may hear the terms used interchangeably.

TradFi equivalent
In traditional finance...
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TradFi equivalent
Similar to how fixed income is a category and a Treasury bond is one instrument within it. Each instrument in the category shares the same underlying principle but works differently in practice. DLT is the category. Blockchain is one way of building it.
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Analogy
In everyday terms...
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Analogy
Cloud storage is a category. Google Drive, Dropbox, and iCloud are all cloud storage. DLT is the category. Blockchain is one approach within.
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