It's no secret that the blockchain and its parent technology DLT are complicated. Even after reading in-depth blogs, whitepapers, or articles, those new to it will likely be left scratching their heads. And yet - if its many advocates are to be believed - the technology will revolutionise the way that countless industries operate.
Explaining what DLT is and how it works is a real challenge. A challenge that we're making even more tricky by asking you to do so in layperson's terms as succinctly as possible.
Here are a few things to consider in your answer:
Have you explained how DLT differs from the blockchain?
Have you managed to explain it without using other jargon that itself needs explaining?
Would someone unfamiliar with the technology understand your answer?
Would a metaphor make your explanation clearer?
One thing to note: given the topic at hand and how simple it would be to cheat this bounty, if you decide to use AI to enhance your submission, you must flag it in your comment, and any AI-only submissions will be rejected. You should also be prepared to answer follow-up questions in the replies.
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This reward closed to entries at 1:38pm on May 1, 2024 but you can still reply, react, and join the conversation below! If you’d like to enter other rewards which are still open, click here.
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