The type of ledger that refers to a distributed ledger that does not require a native currency to operate is called a "Permissioned Ledger".

Here are the steps to understand this:

1. A ledger is a record of transactions or other data, arranged in chronological order and stored in a secure and tamper-proof manner.

2. A distributed ledger is a type of ledger that is shared, replicated, and synchronized among the members of a decentralized network. The distributed ledger records the transactions, such as the exchange of assets or data, among the participants in the network.

3. There are two types of distributed ledgers: permissioned and permissionless.

4. Permissionless ledgers, like Bitcoin and Ethereum, are open to everyone and require a native currency (like BTC or ETH) to incentivize participants to maintain the network.

5. On the other hand, Permissioned ledgers are only open to invited participants. They do not require a native currency to operate because the network's maintenance is controlled by the pre-selected nodes. These nodes are trusted to validate and record transactions on the ledger.

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The type of ledger that refers to a distributed ledger that does not require a native currency to operate is called a "Permissioned Ledger".

Here are the steps to understand this:

1. A ledger is a record of transactions or other data, arranged in chronological order and stored in a secure and tamper-proof manner.

2. A distributed ledger is a type of ledger that is shared, replicated, and synchronized among the members of a decentralized network. The distributed ledger records the transactions, such as the exchange of assets or data, among the participants in the network.

3. There are two types of distributed ledgers: permissioned and permissionless.

4. Permissionless ledgers, like Bitcoin and Ethereum, are open to everyone and require a native currency (like BTC or ETH) to incentivize participants to maintain the network.

5. On the other hand, Permissioned ledgers are only open to invited participants. They do not require a native currency to operate because the network's maintenance is controlled by the pre-selected nodes. These nodes are trusted to validate and record transactions on the ledger.

Knowee AI · Accepted Answer

The type of ledger that refers to a distributed ledger that does not require a native currency to operate is called a "Permissioned Ledger".

Here are the steps to understand this:

1. A ledger is a record of transactions or other data, arranged in chronological order and stored in a secure and tamper-proof manner.

2. A distributed ledger is a type of ledger that is shared, replicated, and synchronized among the members of a decentralized network. The distributed ledger records the transactions, such as the exchange of assets or data, among the participants in the network.

3. There are two types of distributed ledgers: permissioned and permissionless.

4. Permissionless ledgers, like Bitcoin and Ethereum, are open to everyone and require a native currency (like BTC or ETH) to incentivize participants to maintain the network.

5. On the other hand, Permissioned ledgers are only open to invited participants. They do not require a native currency to operate because the network's maintenance is controlled by the pre-selected nodes. These nodes are trusted to validate and record transactions on the ledger.

What type of ledger refers to a distributed ledger that does not require a native currency to operate?

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