What’s the Difference Between Block and Ledger in Blockchain?

What's the difference between Block and Ledger in Blockchain_
What’s the difference between Block and Ledger in Blockchain_

The blockchain is a technology that works like a ledger. And in fact; it also works like a distributed ledger, where every participant in the blockchain holds a copy.

A blockchain is a type of distributed ledger. In a Blockchain, all participants in the system receive all transactions (bundled in a block).If you see In a Distributed Ledger Technology (DLT) type of solution; the participants in the network receive only a subset of all transactions.

Every time two participants exchange money, and their ledgers (as well as every other participant’s ledger) is updated with that transaction. A ledger is simply a list of records which can be used in any form – a notebook, an excel file, anything.

Blockchain uses the ledger concept. However, the ledger is shared or every hub on the Blockchain has the entire and same copy of the shared ledger.

Key Takeaways:

  • Ledger is a physical record whereas blockchain is a digital record.
  • Ledger can be edited/deleted /modified whereas blockchain is tamper resistant.
  • Ledger is reversible whereas blockchain is irreversible.
  • Ledger is not transparent whereas blockchain is transparent.

Also read:  How Does Blockchain Works?

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