Distributed ledger

A distributed ledger is a digital system for recording information across multiple locations instead of relying on a single central authority. Think of it as a shared database that is securely updated and maintained by many participants, ensuring transparency and trust. Each participant has access to the same data, making it difficult to alter or falsify records. This technology underpins cryptocurrency systems like Bitcoin and has potential applications in finance, supply chains, and more, providing a secure way to track transactions and ownership without the need for intermediaries.