Crypto Terms:
Letter A
What is Attestation Ledger?
Meaning:
Attestation Ledger -
is a document that authenticates a product or financial transaction while also certifying that it occurred.
Let's find out Attestation Ledger meaning, definition in crypto, what is Attestation Ledger, and all other detailed facts.
An attestation ledger is a document that validates the authenticity of a product or financial transaction while also confirming that it occurred. A bank statement, invoice, or receipt includes the following confirmation. The records are running in the blockchain-based distributed network.
Aside from that, the attestation ledger provides other parties with validation of previously established agreements. It’s as easy as putting a transaction ID into the attestation ledger to see if the transaction is valid.
Blockchain Operating Ledger System uses an attestation ledger to make sure there were no alterations or manipulations when connecting a host computer.
The information is stored in numerous places at the same time, so a peer-to-peer network is required because it records the asset trades.
All in all, an attestation ledger is widely used in various situations as a way of making sure the factors are legit. Applications, systems, computers, networks, exchanges, and businesses all can find attestation ledger helpful.
centralized. They may contain security vulnerabilities that can be exploited by malicious parties. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralization/">Decentralized, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain-based e-auctions offer a higher level of security, and the auction process is more efficient.<\/p>\n<p>Digital platforms allow for opportunities to auction cryptocurrencies and other blockchain-based assets. During auctions, cryptocurrencies are typically sold at a lower rate than the market price. Crypto assets that are auctioned off are usually reclaimed from criminal cases.<\/p>\n<p>At the start of the auctioning period, investors must register and input their bids. The winning bidder has to pay for the asset within a specific time period. In order to receive the auctioned assets, bidders must hold a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">digital wallet<\/strong><\/a>. In many cases, they have to cover the <strong>transaction costs<\/strong> to have the asset deployed in their wallets.<\/p>\n<p>Auctions for <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">non-fungible tokens (NFTs)<\/strong><\/a> are becoming increasingly popular. They function similarly to other digital auctions, with a set bidding period and the reward going to the highest offer. The winners receive the NFTs in their digital wallets.<\/p>\n<p>Some NFT auctions involve physical items. In these cases, the auctioneer may keep the physical item but the NFT serves as the ownership proof for the highest bidder.<\/p>\n<p>During blockchain-based e-auctions, the data of the event is recorded on the blockchain. If any changes occur to the auction data, they have to be verified using a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-digital-signature/">cryptographic digital signature<\/strong><\/a>. The public blockchain receives the digital signature for backup.<\/p>\n<p>The digital signature changes any time the data on the blockchain is altered. This allows the auction data to remain transparent and accessible to anyone who wants to inspect it. The mechanism of altering the digital signature with each change keeps the auction data secure from hacking or fraud attempts.<\/p>","definition":"a public sale of assets that are sold to the highest bidder.","status":"published","meta_title":"What is Auction? Definition & Meaning | Crypto Wiki","meta_description":"Auction meaning: Auction - a public sale of assets that are sold to the highest bidder.","meta_keywords":null}"
:prev-section="{"id":957,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Attack_Surface","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2024-01-09T23:07:09.000000Z","slug":"what-is-attack-surface","title":"What is Attack Surface?","section":"A","keyword":"Attack Surface","content":"<p>Attack surface contains a collection of methods in which an attacker or a manipulator can access the data and extract it from the system. Or, in other words, it is the most <strong>vulnerable<\/strong> area of the system. This reveals the amount of security in the environment. If the attack surface is larger, the environment can be breached more easily. In that regard, it must be considered to keep the attack surface a small area. The concept is very important for software protection.<\/p>\n<p>So, in order to create systems that are secure, the attack surface should be as small as possible. There are a few ways to do this:<\/p>\n<ul>\n<li>The services that are employed by only a small group of individuals should be taken out. Meaning that there will be fewer attack vectors if there are fewer <strong>unnecessary features<\/strong>.<\/li>\n<li>There is <strong>code<\/strong> that is always operating within the system. By reducing the amount of it, there will be fewer attack vectors as well.<\/li>\n<li>Making fewer <strong>access points<\/strong> in the system will also result in fewer attack vectors.<\/li>\n<\/ul>\n<p>Attack vectors are network protocol flaws, or buffer overflows. They could also be <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-trojan/">trojans, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-malware/">malware, adware, and other software that are based on the web. These attack vectors are within the attack surface.<\/p>\n<p>If a malicious actor would attack, he could manipulate or take the data out of the system and cause damage. Usually, attackers know where are all the devices in the system as well as how they operate. This way, the weakest points can be detected and imposed upon.<\/p>\n<p>However, even if you manage to reduce the attack surface, if the malicious actor did already get into the system - there is nothing you can do to prevent the incoming or already done <strong>damage<\/strong>. Besides, it’s enough for the attacker to discover <strong>one<\/strong> weak point of the system to breach in.<\/p>","definition":"the weakest point of the system which can be breached by malicious actors.","status":"published","meta_title":"What is Attack Surface? Definition & Meaning | Crypto Wiki","meta_description":"Attack Surface meaning: Attack Surface - the weakest point of the system which can be breached by malicious actors.","meta_keywords":null}"
:model="{"id":43,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/General_ledger","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:58.000000Z","updated_at":"2024-01-09T23:09:34.000000Z","slug":"what-is-attestation-ledger","title":"What is Attestation Ledger?","section":"A","keyword":"Attestation Ledger","content":"<p><strong>An attestation ledger is<\/strong> <strong>a document that validates the authenticity of a product or financial transaction while also confirming that it occurred<\/strong>. A bank statement, invoice, or receipt includes the following confirmation. The records are running in the blockchain-based distributed network.<\/p>\n<p>Aside from that, the attestation ledger provides other parties with validation of previously established agreements. It’s as easy as putting a transaction ID into the attestation ledger to see if the transaction is valid.<\/p>\n<p>Blockchain Operating Ledger System uses an attestation ledger<strong> to make sure there were no alterations or manipulations<\/strong> when connecting a host computer.<\/p>\n<p>The information is stored in numerous places at the same time, so a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-peer-to-peer-p2p/">peer-to-peer network is required because it records the asset trades.<\/p>\n<p>All in all, an attestation ledger is widely used in various situations as a way of making sure the factors are legit. Applications, systems, computers, networks, exchanges, and businesses all can find attestation ledger helpful.<\/p>","definition":"is a document that authenticates a product or financial transaction while also certifying that it occurred.","status":"published","meta_title":"What is Attestation Ledger? Definition & Meaning | Crypto Wiki","meta_description":"Attestation Ledger meaning: Attestation Ledger - is a document that authenticates a product or financial transaction while also certifying that it occurred.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="A"
current-section="what-is-attestation-ledger">
