What do you mean by distributed ledgers?

by SMEBOOK (admin) · May 18, 2021

A distributed ledger is something that is a database, and this is consensually shared and synchronized across multiple websites, institutions, or geographies, on hand by a couple of people. It allows transactions to have public "witnesses". Any changes or additions made to the ledger are reflected and copied to all contributors in a rely on seconds or minutes. Underlying distributed ledgers, there is the same technology that is utilized by blockchain and is also a technology used by bitcoin. It is a digital method for entering the transaction of assets in which the transactions and their details are recorded in various places at the corresponding time.

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What do you mean by distributed ledgers?

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