A crypto ledger, also known as a blockchain, is a distributed digital ledger that records all transactions made on a cryptocurrency network. It is a continuously growing list of records, called blocks, that are linked and secured using cryptography.
Each block contains a list of transactions that have been validated and confirmed by a network of users called nodes. Once a block is added to the chain, it cannot be altered or deleted, making it an immutable and transparent record of all transactions.
In a cryptocurrency network, the ledger is maintained by a decentralized network of nodes that work together to validate and confirm transactions. This decentralization makes it virtually impossible for any single entity or group to control or manipulate the ledger.
The ledger contains information such as the sender’s and recipient’s public keys, the amount of cryptocurrency transferred, and the transaction timestamp. Each node in the network has a copy of the ledger, which is updated in real-time as new transactions are validated and added to the chain.
Overall, the crypto ledger provides a secure, transparent, and decentralized record-keeping system that allows for secure and efficient transactions on a cryptocurrency network.