Cryptographic Distributed Ledger

16 Wed, Feb 2022

Mitchell

Mitchell

A cryptographic distributed ledger is simply a copy of the data that is stored on a blockchain, however, rather than this data being fully transparent, it is hidden under cryptography. The only way that you can deconstruct the cryptographic ledger is by having the keys which unlock that data. For example, consider your key as the password to your bank account. If you know the password to your bank account, then you are able to access that account and view how much money is in it and make transactions. Your key is your access to the portions of the cryptographic distributed ledger which you have access to, in which we commonly refer to these as private keys.