Replicated Ledger

Understanding Replicated Ledgers

A replicated ledger refers to a duplicate of the records found in a blockchain. Within this specific system, ledgers are categorized as either master or slave copies. The master ledger holds authoritative copies of the blockchain information, while the slave ledger is merely a replication of the master copy.

The primary objective of a replicated ledger is to mitigate the risks associated with relying on a single copy of the blockchain ledger shared among all network participants. By replicating the ledger, there is no single point of failure, as the original blockchain is replicated multiple times. Additionally, whenever a user adds new transactions to their own ledger, these changes are disseminated throughout the network and distributed to all participants.

In this system, no single authority can gain control over the network through the ledger, as all participants possess an authentic copy of it, including any updates they have made. This ensures a decentralized and secure network.

The data within replicated ledgers contains the exact same information stored in the blocks of the original ledger. Furthermore, the data cannot be altered in any way.

To complement this system, a consensus protocol is implemented. The purpose of this protocol is to guarantee that each copy of the blockchain is identical to the others. Any modified copies from previously replicated ledgers will be rejected.