A public ledger is a transparent and immutable record of all transactions on a blockchain network. It serves as the foundational data structure for decentralized systems, ensuring that all participants can verify and trust the transaction history. Public ledgers are maintained by a decentralized network of nodes, which work together to validate and confirm transactions through consensus mechanisms, such as proof-of-work (PoW) or proof-of-stake (PoS). Each transaction on a blockchain is grouped into blocks, and these blocks are linked together in a chronological order to form a secure and tamper-resistant chain.
The transparency and security of public ledgers make them ideal for applications that require permanent and verifiable records. For example, in financial transactions, public ledgers ensure that all participants can see the movement of assets, reducing the risk of fraud and enabling greater trust in the system. In supply chain management, public ledgers can track the movement of goods from production to delivery, providing real-time visibility and accountability. Additionally, public ledgers are used in decentralized identity systems, where individuals can control and share their personal information without relying on a central authority.
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Plena Wallet interacts with the blockchain's public ledger, allowing users to view transparent records of all transactions. Since blockchains are decentralized and immutable, every transaction made through Plena is recorded on the public ledger, ensuring security and verifiability. Users can track their transfers, staking activities, and other DeFi interactions directly, giving them full insight into their asset movements. This integration of the public ledger ensures trust and transparency for all financial activities within the wallet.
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