What is the Bitcoin Ledger?
The Bitcoin Ledger is a record of all valid transactions that have ever been transmitted to the network.
The ledger is formed as a Directed acyclic graph (DAG) where each transaction is a node.
The graph starts at the Coinbase transaction of the first block ever found and via chains of digital signatures maps out the entire history of valid exchange actions, allowing the tracing of all bitcoins back to their creation.
Source:wiki.bitcoinsv.io...
The Bitcoin whitepaper describes an electronic coin as a chain of digital signatures.
Source:wiki.bitcoinsv.io...
Did you find this helpful?
or
You might also want to ask...
What is the Bitcoin Blockchain?Have a good question and answer? Suggest quality content