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blockchain ledger technology

Block, Blockchain and Distributed Ledger Technology

iFour Team - 20 Feb 2019

What is a ledger? In layman’s term, ledger is a set of records that helps keep track of all business financial activities in an Organization. In other words, Ledger is a database where confirmed and validated transactions are recorded. E.g. When Alex sends US $4 to Bob, it passes through central system like bank and bank records these transactions in centralized database called ledger of the bank. What is Distributed Ledger Technology? Distributed ledger, as defined...

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