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
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
Mining Reward
The reward resulting from contributing computing resources to process transactions
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
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