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Ledger

In the crypto context, a ledger is a record-keeping system that tracks all transactions and balances on a blockchain network. It is maintained collectively by network participants rather than a central authority. Each new transaction is verified and added to the ledger in a structured and chronological manner. Because the ledger is distributed across many nodes, it is resistant to tampering and data loss. The blockchain itself functions as a public and transparent ledger. Ledgers ensure accurate ownership records and trustless transaction verification.