Questions tagged [ledgers]

Michele Sun Jan 05 2025 | 5 answers 1049

I'm trying to understand the different types of ledgers that exist. Specifically, I want to know what the three main categories or classifications of ledgers are.

WhisperInfinity Thu Dec 26 2024 | 6 answers 690

I'm wondering if it's possible to set up and manage two separate ledgers within the Ledger Live application. I'd like to keep my crypto assets organized and was hoping to do so by having two distinct ledger accounts.

CryptoLord Sun Oct 06 2024 | 7 answers 1215

Excuse me, I was wondering if it's possible to have two separate ledgers on Ledger Live? I'm a bit confused about the limitations of the platform and how multiple ledgers can be managed within the same interface. Could you clarify if this is a supported feature, and if so, how can I go about setting it up? Additionally, are there any security considerations or best practices I should be aware of when managing multiple ledgers on Ledger Live?

Arianna Wed Jul 24 2024 | 5 answers 1275

Can you explain whether blockchain ledgers are public in nature, and if so, what implications does this have for the privacy and security of transactions recorded on the blockchain? Also, are there any mechanisms in place to ensure that sensitive information is kept confidential, while still maintaining the integrity and transparency of the blockchain network?

EthereumElite Wed Jul 24 2024 | 0 answers 0

Ah, an intriguing question indeed! So, let's delve into the realm of blockchain and its ledgers. Who, exactly, owns these digital records that underpin so many innovative financial systems and cryptocurrencies? At first glance, it might seem like blockchain ledgers are owned by a central authority, akin to a traditional bank or financial institution. However, that's precisely where blockchain technology differs from the norm. In reality, blockchain ledgers are decentralized and distributed across a network of computers, known as nodes, that maintain and update the ledger in a collective and secure manner. So, who owns these ledgers, then? In a sense, the answer is "no one" and "everyone" simultaneously. The ledger itself isn't owned by a single entity but is rather a shared, public record that exists on a network of computers. Each participant in the network has a copy of the ledger, and any changes or updates to the ledger must be agreed upon by a consensus of the network participants. In other words, the ownership of blockchain ledgers is decentralized and distributed, reflecting the CORE principles of blockchain technology: transparency, security, and decentralization. So, while no single entity owns the ledger, the network of participants collectively own and maintain it, ensuring its integrity and security.