Technical Description of DLT for Conflicts Lawyers
Tetsuo Morishita · 2023
This chapter explains the basics of Distributed Ledger Technologies (DLTs) as well as the typical use cases of DLTs. It first examines three key technical elements of blockchains: block and chain structure, peer-to-peer and consensus algorithm, and cryptography as well as the distinction between permissionless and permissioned blockchains. Next, some use cases of blockchain, such as Bitcoin, securities, NFTs, and Electronic B/Ls are briefly examined.