Meaning of distributed ledger | Babel Free

Definitions

A consensus of replicated, shared, and synchronized digital data geographically spread across multiple locations.

Equivalents

Examples

“Another distributed ledger platform, called Ethereum, works off the same technology that Bitcoin does, but it is run as an open-source software project, meaning the software code is freely available for anyone to work on.”

“As mentioned, a blockchain is a distributed ledger of transactions implemented as data batched into blocks that use cryptographic validation to link the blocks together.”

CEFR level