Definition
A distributed ledger is a shared database that is maintained across multiple computers rather than a single central server. Blockchain is a type of distributed ledger technology. Because multiple participants hold copies of the ledger, records can be verified independently, improving transparency and resilience.
Simple Explanation
A distributed ledger is a record book shared across many computers.
Example
The Bitcoin blockchain is a distributed ledger maintained by thousands of nodes worldwide.
Why It Matters
Distributed ledgers eliminate single points of failure and improve transparency.
Frequently Asked Questions
Is blockchain a distributed ledger?
Yes, blockchain is a type of distributed ledger technology.
Who owns a distributed ledger?
It is shared among network participants.
Why is it secure?
Because data is replicated across many computers.