What is a distributed ledger?
Vaibhav KothiaA distributed ledger is a type of database that is shared, replicated, and synchronized across multiple sites, institutions, or geographies. It allows for the secure and transparent recording of transactions and other data without the need for a central authority or third-party intermediary.
For example, a distributed ledger could be used to track the ownership of digital assets, such as cryptocurrencies. Every time a transaction is made, it is recorded on the ledger, with each node in the network having an identical copy of the ledger. This ensures that all participants have an up-to-date view of the ledger and that all transactions are valid and traceable.