Ledger [noun]

Her ledger shows Sin’s been trying to keep up with her water payments.

Goods must have a limited number of components in order to be better tracked by the blockchain, the verifiable digital ledger underlying cryptocurrencies.

That’s where IBM’s Kelley thinks blockchain technology, the digital ledger system that underpins cryptocurrencies such as Bitcoin, can play a vital role.

This dynamic is leading some networks to consider new ways of erasing their ledgers, including simply refunding advertisers, according to agency executives.

The computer that solves the problem broadcasts the solution to others on the network and, in doing so, adds a block to the blockchain—a tamperproof ledger that serves as a public record of transactions.

Turning water or education or housing into entries on a ledger makes it possible to exchange them for one another, or for anything else, increasing market efficiency.

The ability to bring distributed ledger technology into lightweight frameworks allows for more security and upgrades to critical infrastructure.

Blockchain is an open-source distributed ledger or database system in which an updated copy of the records is available to all stakeholders at all times.

Due to this distributed nature, it is almost impossible for a single person or company to hack everybody’s ledger, ensuring security against cyberattacks.

What’s more, because crypto is decentralized and uses a public ledger to notate payments, there is an opportunity for a level of transparency government assistance programs do not provide.