Ledger Technology refers to a type of database that is used for recording transactions in a secure and decentralized manner. It uses advanced cryptographic techniques to ensure that all transactions are verified, validated, and recorded on multiple computers across a network. This makes it difficult for any single entity or individual to manipulate the data, as changes require consensus from multiple parties.
Ledger Technology is commonly associated with blockchain technology, which is used in various cryptocurrencies such as Bitcoin. However, ledgers can also be implemented using other technologies and are not limited to financial transactions alone. They can be used for recording any type of data that needs to be securely stored and shared across a network.
Overall, Ledger Technology provides an efficient, transparent, and tamper-proof way of storing and sharing information in a decentralized manner.