What is Distributed Ledger

Distributed ledgers are an essential component of blockchain technology. Distributed ledgers are transaction databases that are stored on peer-to-peer servers and are updated anytime a new collection of data, often known as a "block," is added. Scattered ledgers, as opposed to centralised ledgers, which are managed by a single entity and present far greater cybersecurity threats, are maintained on several servers (or nodes) distributed across a decentralized network. If one ledger is compromised, the rest of the network's ledgers will immediately fix any inconsistencies. As a result, blockchains are far more resistant to alteration than traditional ledger systems. Consensus algorithms are used in blockchains to confirm the legitimacy of new entries

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