Crypto Terms:
Letter R
What is Replicated Ledger?
Meaning:
Replicated Ledger -
a duplicate of a distributed ledger in a cryptocurrency network.
Let's find out Replicated Ledger meaning, definition in crypto, what is Replicated Ledger, and all other detailed facts.
A duplicate of a distributed ledger that is shared with all members of a cryptocurrency network is referred to as a replicated ledger. Replicated ledgers are categorized into two types of copies – slave and master. Slave ledgers are simple replications of the master copy, while master ledgers include authoritative copies of blockchain information.
The replicated ledger's purpose is to reduce the risks associated with sharing only a single copy of the blockchain ledger with all users of the network. Besides, since the original blockchain is duplicated multiple times, replicated ledgers do not have a single point of failure. The information recorded in the blocks of the original ledger is reproduced in the data in replicated ledgers. It's impossible to update the data included within them.
No single authority can gain control of the network through the ledger in such a system because all participants have an authentic copy of it, including any further updates they make. When a user adds new transactions to their personal ledgers, the updates are distributed throughout the network and made available to everyone.
Besides, note that a consensus protocol is included in the system and its goal is to make sure that each copy of the blockchain is identical to the others. Changed copies of ledgers that have already been copied are refused.
signal/strong>/a> for trading as it shows the asset’s breakout or trend reversal. Additionally, it has the potential to identify the most ideal entry and exit points for trading. Another indicator of plotting the resistance level is moving averages.<\/p>\n<p>Moreover, <strong>the resistance level is not fixed<\/strong>. Therefore, the changes in the asset’s price determine the resistance level.<\/p>\n<p>Evaluating and establishing a resistance level can be done by drawing the line on the daily price chart of an asset. Once that’s done, connect the peak points. Then you’ll be able to see each time the resistance level was reached thus establishing the trend reversal.<\/p>\n<p>The more times the asset’s price has reached the same price zone, the stronger the resistance level is.<\/p>","definition":"used to determine the maximum price point of an asset throughout a specific time period.","status":"published","meta_title":"What is Resistance (Line\/Level)? Definition & Meaning | Crypto Wiki","meta_description":"Resistance (Line\/Level) meaning: Resistance (Line\/Level) - used to determine the maximum price point of an asset throughout a specific time period.","meta_keywords":null}"
:prev-section="{"id":654,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Replay_attack","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-05T10:44:02.000000Z","slug":"what-is-replay-attack","title":"What is Replay Attack?","section":"R","keyword":"Replay Attack","content":"<p>Replay attacks are <strong>network security assaults<\/strong> conducted by an attacker who targets the encounter between a sender and a receiver. Replay attackers can either postpone or broadcast a message as their own.<\/p>\n<p>Though with high-grade <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-encryption/">encryption/strong>/a>, these attacks can be effective since <strong>hackers are not needed to understand the communication<\/strong> in order to succeed in their intrusion.<\/p>\n<p>These attacks are also referred to as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-man-in-the-middle-attack-mitm/">man-in-the-middle (MitM) attacks<\/strong><\/a> since they include thieves intercepting private and encrypted data connections.<\/p>\n<p>Establishing extra identifiers <strong>in a certain transaction<\/strong> is an efficient strategy to avoid the risk of being exposed to such assaults. In addition to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-digital-signature/">digital signatures<\/strong><\/a> connected to a message, communication entities might also connect time codes to assure the legitimacy and validity of transactions.<\/p>\n<p>Besides, individuals might use additional security methods by demanding <strong>one-time passwords for every transaction<\/strong> request in a way to construct an extra verification level.<\/p>\n<p>However, hackers can capture messages and appear to be the intended recipient in order to bypass identification and compliance systems or fool other network members. In addition, they are able to ask the intended recipient or transmitter <strong>to pay them money <\/strong>or provide access to private documents before allowing the communication to come through by postponing the critical message required until a transaction is concluded.<\/p>","definition":"Replay attacks are network security attacks carried out by an intruder who targets the contact between a sender and a receiver.","status":"published","meta_title":"What is Replay Attack? Definition & Meaning | Crypto Wiki","meta_description":"Replay Attack meaning: Replay Attack - Replay attacks are network security attacks carried out by an intruder who targets the contact between a sender and a receiver.","meta_keywords":null}"
:model="{"id":644,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Distributed_ledger","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-05T10:45:08.000000Z","slug":"what-is-replicated-ledger","title":"What is Replicated Ledger?","section":"R","keyword":"Replicated Ledger","content":"<p>A duplicate of a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledger<\/strong><\/a> that is shared with all members of a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency/strong>/a> network is referred to as a replicated ledger. Replicated ledgers are categorized into two types of copies – slave and master. Slave ledgers are simple replications of the master copy, while master ledgers include authoritative copies of blockchain information.<\/p>\n<p>The replicated ledger's purpose is to reduce the risks associated with sharing only a single copy of the blockchain ledger with all users of the network. Besides, since the original blockchain is duplicated multiple times, replicated ledgers do not have a single point of failure. The<strong> information<\/strong> recorded in the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-block/">blocks/strong>/a> of the original ledger is reproduced in the data in replicated ledgers. It's impossible to update the data included within them.<\/p>\n<p><strong>No single authority can gain control of the network<\/strong> through the ledger in such a system because all participants have an authentic copy of it, including any further updates they make. When a user adds new transactions to their personal ledgers, the updates are distributed throughout the network and made available to everyone.<\/p>\n<p>Besides, note that a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-consensus/">consensus protocol<\/strong><\/a> is included in the system and its goal is to make sure that each copy of the blockchain is identical to the others. <strong>Changed copies of ledgers<\/strong> that have already been copied are refused.<\/p>","definition":"a duplicate of a distributed ledger in a cryptocurrency network.","status":"published","meta_title":"What is Replicated Ledger? Definition & Meaning | Crypto Wiki","meta_description":"Replicated Ledger meaning: Replicated Ledger - a duplicate of a distributed ledger in a cryptocurrency network.","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="R"
current-section="what-is-replicated-ledger">