What Is a Cryptocurrency Ledger? - Cryptolandoff

What Is a Cryptocurrency Ledger?

In bitcoin, a ledger is a decentralized log of every transaction that takes place on a network.

The blockchain, a decentralized ledger, makes sure that all participants share and synchronize data.

To improve security and transparency, every participant, or node, keeps a copy of the ledger.

Consensus mechanisms like as Proof of Work or Proof of Stake are used to validate transactions.

Transactions are added to the blockchain permanently after validation, prohibiting changes.