A ledger is an accounting record or group of records where account transactions are noted. Ledgers typically also include the date of each financial transaction as well as the balance for each person or account that is a part of that specific collection of economic data.
Physical ledgers are becoming less common, but digital ones are widely utilized in a variety of contexts globally. A company or business, for instance, might utilize a digital ledger to record all of its financial activities. Ledgers can be used to record sales, purchases, or just the transfer of money amongst staff members (or between different companies).
Blockchains, which function as an immutable databases in digital contexts, can be seen as a well-known and extremely effective example of a digital ledger. Blockchains are frequently used to monitor all transactions between cryptocurrency users.
