A blockchain ledger, or distributed ledger technology (DLT), is the technological foundation that allows transactions to be recorded in a decentralized, immutable, and secure manner. This record is fundamental for cryptocurrencies like Bitcoin, Ethereum, and many others.
Key Features of the Ledger in Blockchain
Decentralization:
The ledger is replicated across multiple nodes in the network, eliminating the need for a central intermediary. This ensures greater resilience and transparency.Immutability:
Once recorded and validated, a transaction cannot be altered or deleted, protecting the integrity of the data.Transparency:
All transactions are visible to network participants, providing a complete view of the recorded activity.Security:
Advanced cryptography protects transactions and prevents tampering or unauthorized access.Consensus:
Transactions are validated by network nodes through consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS).
Applications of the Ledger in Blockchain
Finance and Cryptocurrencies:
Record payments and international transfers without intermediaries, reducing costs and times.Traceability:
Track products in supply chains, from origin to end consumer.Smart Contracts:
Automation of agreements through the execution of programmable contracts.Digital Identity:
Protection of personal data and verification of digital identities.Secure Voting:
Transparent digital voting systems resistant to manipulation.
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This article is for informational purposes only and does not constitute financial advice. Invest cautiously and do your own research before making decisions.
