Central Ledger
By bijok_adam | Updated on Aug 12, 2021
The central or general ledger functions as a data register that holds track of the activities of the assets and liabilities of a corporation, sales, expenditures, shares of owners etc. This ledger would be the main database of conventional Enterprise Resource Management applications, containing data received from systems such as accounts payable, cash management, accounts receivable, programs and fixed assets.
Related Terms
Halving
Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network.
Distributed Denial of Service (DDoS) Attack
A common cyber-attack tactic where a perpetrator diverts large amounts of traffic towards a particular network or service in an effort to disrupt normal services.
Wei
The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
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