Public Ledger

A public ledger is a collectively maintained database where transactions and associated details are recorded simultaneously in multiple locations, enabling the seamless exchange of specific information and data. In the realm of blockchain technology, a public ledger commonly refers to a decentralized and permissionless protocol governed by a network of nodes, without the need for a central authority. This concept takes inspiration from historical record-keeping systems that documented public information, including commodity prices, news, and analysis.