A ledger is a database that stores recorded data; a distributed ledger synchronizes that data across a network of nodes. A distributed ledger can store any data, including cryptocurrency transactionA cryptocurrency transaction is a digital exchange of value that uses cryptography to secure the transaction and control the creation... Read Moretransaction dataTransaction data is information that is stored on the blockchain and represents a record of a transaction. This data can... Read More. It can also be permissionlessA permissionless blockchain is a distributed ledger that anyone can access and add transactions. There is no need for approval... Read More and private. A distributed ledger increases transparencyTransparency in blockchain technology refers to the immutability and public nature of the ledger—allowing anyone to view transactions on the... Read More and security because each computer in the network can validate the data.
