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  1. Home
  2. /Glossary
  3. /Ledger
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blockchain

Ledger

A record of transactions.

Definition

A record of transactions. In traditional finance, companies keep ledgers. In crypto, the blockchain IS the ledger, except it's distributed across thousands of computers instead of controlled by one entity.

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Related Terms

Blockchain

A distributed database where transactions are grouped into blocks and linked together cryptographically.

Transaction

A transfer of value or data recorded on a blockchain.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

Account Model

The way Ethereum and many other chains track balances.

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