Description: A shared ledger is a database that is shared and synchronized among multiple participants in a blockchain network. This system allows all participants to access the same information in real-time, ensuring transparency and immutability of the data. Each transaction or change in the ledger is recorded in a decentralized manner, meaning there is no single point of control or failure. This feature is fundamental for trust in transactions, as all participants can verify the validity of the information without the need for intermediaries. Additionally, the shared ledger uses cryptography to ensure that data is accessible only to those with permission, adding an extra layer of security. Interoperability between different blockchains is also facilitated by the use of shared ledgers, allowing various platforms to communicate and operate together efficiently. In summary, the shared ledger is an essential component of blockchain technology that promotes collaboration, transparency, and security in digital transactions.
