What is a blockchain ledger and how does it relate to cryptocurrencies?

1 answers

• May 25, 2022 · 3 years ago
  Well, let me break it down for you. A blockchain ledger is like a digital logbook that keeps track of all the transactions made using cryptocurrencies. It's kind of like a public record that everyone can see and verify. Whenever someone makes a transaction, it gets added to the ledger as a new block. These blocks are then linked together using advanced cryptography, forming a chain of blocks. This chain is stored on multiple computers, making it decentralized and secure. The ledger ensures that every transaction is transparent and cannot be altered or deleted. So, if you ever want to check the history of a cryptocurrency transaction, you can simply look it up on the blockchain ledger. It's pretty neat, huh?
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