L

Ledger

A digital distributed ledger is an agreement of shareable, shared, and synchronized data, which is spread across several networks.

A public ledger derives its name from the age-old record-keeping system used to record information, such as agricultural commodity prices, news, and analysis.

As cryptocurrency-based blockchain systems emerged, which rely on a similar record-keeping and public verification mechanism, the use of the public ledger gained popularity in the world of cryptocurrency. A cryptocurrency distributed ledger is an agreement of shareable, shared, and synchronized data, which in this case is spread across several networks. These networks are then distributed over many computers.

Physically, a public ledger can be viewed as a data management or storage system similar to a database system of bank records. A is a form of public ledger, which is a series (or chain) of blocks on which transaction details are recorded after suitable authentication and verification by the designated network participants.

 

We have elected to put our money and faith in a mathematical framework that is free of politics and human error.

Tyler WinkelvossRower & Entrepreneur

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