A Central Ledger is also known as a general ledger where all the records are stored and controlled by a singular network, an individual or groups with access to the ledger; it is the backbone of a traditional accounting system.

Central ledgers typically store information about  transactions, expenses, sales movements of goods and anything that needs noting down.

A central ledger poses a risk of a singular point of failure where any individual who has access to the ledger can be corrupted to change or edit the ledger. And since central ledgers are for the most part  are private, it is very hard to audit these ledgers leading to easy manipulation of information presented to the public.

 

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