distributed ledger
Word Rarity
Rare
Frequency: Zipf frequency 3.43 in modern English
23
Scrabble Score
17
Letters
3
Syllables
10
Unique Chars
Meaning
noun
A consensus of replicated, shared, and synchronized digital data geographically spread across multiple locations.
Example Sentences
- "Another distributed ledger platform, called Ethereum, works off the same technology that Bitcoin does, but it is run as an open-source software project, meaning the software code is freely available for anyone to work on."
- "As mentioned, a blockchain is a distributed ledger of transactions implemented as data batched into blocks that use cryptographic validation to link the blocks together."
Inflected Forms
Synonyms
shared ledger
ledger