Distributed ledgers make up a fundamental part of blockchain technology.
Distributed ledgers are databases of transactions stored on peer-to-peer servers and updated whenever a new set of data, also called a “block”, is added.
Unlike a centralized ledger, which is controlled by a single entity and carries much greater cybersecurity risks, distributed ledgers are maintained on multiple servers (or nodes) across a decentralized network.
Q: What is a Distributed Ledger?
A: is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies, accessible by multiple people.
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