What is Distributed Ledger Technology?

A brief introduction to DLT.

What’s a ledger and why are we distributing it?

Ledgers are the foundations of accounting — a system by which people establish who owns what, who has what, and who owes what to whom. While the concept has remained the same, the medium used to record transactions has varied over time and through technological advances. From cowry shells to papyrus, books to computers — the goal has always been to keep records as efficiently and effectively as possible.

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Max Thake

Building the Web3 machine economy — and writing about it too. | peaq co-founder | https://linktr.ee/maxthake