Ledger
A record of transactions or balances — the basic accounting concept that long predates computers. Blockchains are, at heart, a new way of keeping a ledger that is shared and synchronized across many independent parties rather than held by one trusted bookkeeper.
SubscribersExplained in Chapter 11: The Blockchain: Data Structure, Ledger, and Immutability
More terms
Chapter 8
Get Chapter 8 free
Subscribe and Chapter 8, on cryptography, opens for you on this site. Invite friends and the rest of Part III opens too.
One email to confirm, then Web3 in plain terms, a free seven-day email course, and an occasional note about the book. Unsubscribe any time.