What is the meaning of leger in the context of cryptocurrencies?

3 answers

• Apr 07, 2022 · 3 years ago
  In the context of cryptocurrencies, the term 'leger' refers to the ledger or record of all transactions that have taken place on a particular blockchain. It is a decentralized and transparent system that ensures the integrity and security of the transactions. The leger is maintained by a network of computers, known as nodes, which validate and record each transaction. This ledger is immutable, meaning that once a transaction is recorded, it cannot be altered or deleted. The leger plays a crucial role in cryptocurrencies as it allows for trustless and secure transactions without the need for intermediaries like banks or governments.
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• Apr 07, 2022 · 3 years ago
  The term 'leger' in the context of cryptocurrencies is derived from the French word 'ledger', which means a book or register of financial transactions. In the world of cryptocurrencies, the leger refers to the digital equivalent of a traditional ledger. It is a decentralized and distributed database that stores all the transactional data of a particular cryptocurrency. The leger ensures transparency and immutability of the transactions, making it a reliable and trustworthy system. The leger is maintained by a network of computers, which collectively validate and record the transactions. This decentralized nature of the leger makes it resistant to tampering and fraud, providing a secure and efficient platform for cryptocurrency transactions.
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• Apr 07, 2022 · 3 years ago
  In the context of cryptocurrencies, the term 'leger' refers to the ledger or record of all transactions that have taken place on a specific blockchain. It is an essential component of blockchain technology as it ensures the transparency and security of the transactions. The leger is maintained by a network of computers, known as nodes, which validate and record each transaction. This decentralized and distributed nature of the leger makes it resistant to censorship and tampering. It allows for trustless and peer-to-peer transactions, eliminating the need for intermediaries. The leger is a fundamental concept in cryptocurrencies, enabling the decentralized and transparent nature of the digital currency ecosystem.
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