Question

a bookkeeping list of assets (money, property, ideas...), identified ownership, and transactions that record the transfer of ownership among participants.

Answer 1

Digital Ledger is a bookkeeping list of assets (money, property, ideas, etc), identified ownership, and transactions that record the transfer of ownership among participants.

Distributed ledger technology (DLT) or also known as digital ledger can be described as a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time. A distributed ledger also can be described as the consensus of replicated, shared, and synchronized digital data that is geographically spread across many sites, countries, or institutions. Digital ledgers have no central data store or administration functionality.

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