Post
Topic
Board Development & Technical Discussion
Re: Why keep a history of transactions?
by
teukon
on 19/12/2015, 22:20:54 UTC
... [the] "blockchain" is the decentralized public ledger that keeps track of transactions and ensures an order between them.
(emphasis mine)

May I suggest the use of the word "journal" instead of "ledger" here?  In accounting, a journal is a record of transactions ordered by date whereas a ledger is more like a journal's summary and could be considered akin to the UTXO.

In most contexts this is a pointless nitpick, but on the topic of distinguishing between protocol-level concepts and higher-level abstractions I believe this extra precision is helpful.