The concept of a ledger in crypto is crucial to understanding how cryptocurrency transactions work. A ledger is essentially a list of transactions that has been verified and recorded. When you buy or sell cryptocurrency, your transaction is added to the ledger, making it a permanent part of the blockchain. This means that a cryptocurrency transaction cannot be erased or changed once it has been added to the blockchain ledger.
The usefulness of ledgers in cryptocurrency extends beyond just keeping track of transactions. A ledger provides security and transparency, making it virtually impossible for fraudulent activities to take place. It is important to understand and appreciate the role of ledgers in cryptocurrency to fully appreciate the concept and potential of crypto.
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