Cryptocurrency Q&A What is the public ledger in blockchain?

What is the public ledger in blockchain?

Stefano Stefano Tue Dec 24 2024 | 5 answers 1125
In blockchain technology, the public ledger refers to a shared, decentralized database that records all transactions involving value. It's an open and transparent record, accessible by anyone with an Internet connection, ensuring the authenticity and immutability of the recorded information. What is the public ledger in blockchain?

5 answers

DondaejiDelight DondaejiDelight Thu Dec 26 2024
The public ledger is structured in a sequential manner, forming an elongated chain of blocks that contain information.

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Ilaria Ilaria Wed Dec 25 2024
Each block within this chain serves as a record of transactions that have taken place.

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Federico Federico Wed Dec 25 2024
When a transaction occurs between a buyer and a seller, the blockchain technology is utilized to authenticate the accounts involved.

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CryptoAce CryptoAce Wed Dec 25 2024
This verification process involves consulting the public ledger to ensure that the accounts belong to legitimate users.

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benjamin_doe_philosopher benjamin_doe_philosopher Wed Dec 25 2024
Additionally, the blockchain checks the availability of funds before proceeding with the transaction.

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