A ledger is basically a record-keeping device that records all transactions taking place for a particular cryptocurrency. Think of it as a digital version of a traditional accounting ledger. Each transaction is verified and added to the ledger, which is then distributed across a network of computers so that everyone has access to the same information. This makes the ledger trustworthy and eliminates the need for a central authority to oversee transactions. Cryptocurrencies like Bitcoin and Ethereum rely on their respective ledgers to keep track of who owns what and to prevent fraudulent activity. Understanding the meaning of a ledger in the crypto world is essential for those interested in investing or trading these digital assets.
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