What AKA Ledger is?
AKA Ledger falls under the umbrella of Blockchain technology. However, if we take the term "block chain" literally, AKA Ledger is not a "block chain", but a close cousin. Features of AKA Ledger include:
- No mining (premine)
- Secured through digital signatures
- Transparency and audibility of transactions
- AKA Ledger doesn’t use the concept of blocks. Transactions are directly chained with one another, and they are no longer grouped in blocks
- Transactions are linked to the chain as soon as they are submitted to the network
- Consensus: All nodes in the network agree on the current state of the ledger, including the balance of each account and the history of all transactions. This prevents double-spending, which is when someone tries to spend the same money twice.
👉 https://rebrand.ly/aka-intro