It can be understood as a distributed consensus ledger in any other form of data. This helps with saving time of distributed ledger that uses a peer-to-peer network. This allows anyone who lwdger see all of the information public, exposing all blocks to in real-time.
Authorized users can only access blockchain networks through private keys. Security for each user, in this case, is maintained through cryptography, where every user holds a private key for them to access their funds or make transactions on their account without even having to tell anyone else about it. Key Takeaways Distributed ledgers are maintained by a network of nodes, each of which has a copy of the ledger, validates the information, and helps reach a consensus about its accuracy. What Are Memecoins?
