Definition of distributed ledger in English:

distributed ledger


  • A digital system in which records of currency transactions (typically using bitcoin or similar cryptocurrencies) are simultaneously maintained at multiple points throughout a network.

    ‘with a distributed ledger that basically keeps track of everything, you can start putting a lot more transparency into the way the government does its business’
    as modifier ‘the company's experiments will allow the distributed ledger technology to operate on networks with millions of computers’