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Glossary

What is DLT?

DLT is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time.

How is blockchain related to DLT?

Blockchain is a type of DLT, well-known for its use in cryptocurrencies.

What makes DLT useful in everyday life?

DLT acts like a shared online notebook where everyone writes down transactions to keep things transparent and secure. It helps ensure trust and transparency in various transactions beyond just cryptocurrencies.

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Related terms (by category)

Data Analytics

Techniques and processes used by Damex to improve their services and user experience by analyzing data.

Digital Assets

Financial assets in digital form, including cryptocurrencies, stablecoins, and tokens.

Damex Token ($Damex)

The native cryptocurrency token used within the Damex ecosystem. It is utilized for various transactions, staking, and earning rewards.

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