Crypto Terms:
Letter D
Jun 19, 2023 |
updated Apr 02, 2024
What is Distributed Ledger?
Distributed Ledger -
is a ledger in which data is kept throughout a network of decentralized nodes.
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Let's find out Distributed Ledger meaning, definition in crypto, what is Distributed Ledger, and all other detailed facts.
A distributed ledger is a database that is shared and synchronized across several institutions, geographies, or sites.
Computers have greatly facilitated and accelerated the documentation and ledger management processes. With the advancement of technology, data saved on computers is becoming cryptographically safe, quick, and decentralized. In many shapes, organizations can use the benefits of distributed ledgers.
However, a distributed ledger does not always entail cryptocurrencies and might be permissioned and confidential.