Distributed Ledger

A type of database that is spread out across several nodes in different locations and countries so that it can remain decentralised as well as transparent to those involved with keeping records on it; every single node will hold a complete copy which is updated regularly through consensus algorithms when new transactions take place. This also allows for faster processing speeds since multiple copies are already available rather than one central authority who has to distribute them from scratch if something does go wrong. It should not be confused with distributed computing, though both use similar techniques but ledgers record data while computations perform actions based on said data. Distributed ledger technology (DLT) is another term used for this concept.