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
Directed Acyclic Graph (DAG)
Directed acyclic graphs refers to a data structure that is built in one single direction, yet branches out and never repeats.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
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