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ledger

ledger

4 5.5
A digital record of transactions shared and checked by many computers so it cannot be changed easily
  • noun
  • /ˈlɛdʒər/
  • Specialized
translation icon : registro distribuido
  • As the network processes transactions, it constantly synchronizes the one ledger across the global network.
  • a general ledger
  • ledger systems
  • computer-based ledger

It's unchangeable as most ledgers really should be, right?

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Examples

  • A blockchain is a distributed ledger that facilitates the transmission of transactions to all nodes on a network.

    Academic text (2018)
  • And that transaction of being sold is going to forever be written into this digital Ledger that is the Ethereum network.

  • This is the Ledger for Bitcoin is public.

  • What Bitcoin creates is a Ledger that needs no bank.

  • A distributed ledger is simply a database that spans across numerous sites or countries.

    Academic text (2018)
  • Bitcoin's ledger is the blockchain.

  • The big difference between computer-based ledger systems and the classroom model is that computer-based systems have powerful reporting and inquiry capabilities.

    Academic text (1992)
  • But the bottom line is when you buy crypto art, you're buying a line in a tamper proof Ledger that points to a publicly hosted image file.

  • The blockchain serves as a secure ledger that records every transaction transparently.

  • Each cryptocurrency transaction is permanently noted in a digital ledger that anyone can verify.

Synonyms

blockchain
vsledger
  • Texting
3 5.9

A secure digital record of transactions kept in linked blocks that are hard to change

is a shared transaction record kept across many computers not the whole system

Compounds

cost ledger
  • Specialized
5.6

A book or record showing a company's costs by type

ledger board
  • Specialized
8.2

A horizontal piece that supports a fence or railing

ledger entry
  • Specialized
5.2

A written record in a company's books that shows one financial transaction

ledger line
  • Specialized
7.7

A short line above or below the staff showing notes outside the staff

Thick paper people use to write and keep business records

general ledger
  • Specialized
4.9

A main book where a business records all its financial accounts

subsidiary ledger
  • Specialized
7.4

A record that shows individual transactions for one main account, like customers' balances

How Distributed

blockchain
  • Texting
3 5.9
ledger
  • Specialized
4 5.5
database
  • Specialized
402 3.4

Surface Forms

ledger singular
ledgers plural

Etymology

Ledger comes from an old word like lie meaning 'to lie down', so it first meant a book that stays in one place as a record. That idea fits the modern digital ledger too, which is a shared record that stays across many computers so everyone can check it and it is hard to change.