Definition ∞ An Open Ledger refers to a distributed database that is publicly accessible, transparent, and maintained by a network of participants rather than a central authority. All transactions recorded on an open ledger are verifiable by anyone, typically without requiring permission, and are immutable once added. This transparency and decentralization are fundamental characteristics of blockchain technology. It forms the basis for many digital asset systems.
Context ∞ The concept of an open ledger is central to understanding the security and transparency claims of cryptocurrencies and blockchain applications. News frequently highlights the benefits of this transparency for preventing fraud and ensuring accountability, as well as debates surrounding privacy concerns. Future developments include advanced cryptographic techniques that balance public verifiability with enhanced user privacy on these ledgers.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
