Blockchain vs Banking Ledger

🔗Blockchain and Banking Ledger are systems that record transactions; the difference is how they are recorded.

📝A blockchain ledger is a digital system that records transactions in order and confirms them using cryptography. While a banking ledger is a paper-based system that records financial details to track money flow.

⛓A blockchain ledger record transactions that have occurred on the blockchain, which are verified and recorded by nodes in the network

🔏Blockchains offer benefits over traditional ledgers like security and efficiency because they allow anyone on the network access to see all transactions at once instead of only being able to see smaller subsets.

💻Blockchain technology is a version of the distributed ledger system. It shares many of the same technical support but on a greater scale. With banking ledgers, only one computer or at least one central authority processes all transactions and blocks of data.

💡To learn more about "Difference between Blockchain and Banking Ledgers", read the full article here:
📜 https://bit.ly/3cgVuwc

🚀Join Coinswap Space and learn more about how blockchain works!

🌐https://bit.ly/3QEyXJe

#CoinswapSpace #Crypto #Blockchain #Technology #Decentralization #DeFi #BlockchainTechnology #CryptoNews #CryptoTrading #CryptoWorld #CryptoTrader #CryptoTrade #CryptoTradingStrategies #Decentralized #Binance #CryptoInvesting #MarketCap #Exchange #Finance #Investments #Ventures #Fintech #AMM #DEX #DecentalizedFinance #BuildonBNBChain #CryptoBlog