2025-08-30
In traditional financial and commercial activities, ledger records rely on centralized institutions such as banks and enterprises, and the accuracy and security of data are completely controlled by them. Under the wave of digitization, distributed ledger technology has emerged, breaking this inherent model. It does not require the endorsement of a central authority, allowing data to be shared and verified among multiple parties. So what exactly is a distributed ledger? How can it change the way we record and trust data?
A distributed ledger is a decentralized database that stores copies of data on multiple nodes in the network at the same time, rather than centralized on a single server. Unlike traditional ledgers, it ensures that the data of all nodes is updated synchronously and consistently through the consensus mechanism between network nodes. In the blockchain system, each node saves complete or partial ledger information and jointly participates in the maintenance and verification of the data. Take HashKey Exchange as an example, its digital asset trading system uses distributed ledger technology. Each transaction data will be recorded on multiple nodes. Even if a node fails, the entire ledger system can still operate normally, greatly improving the reliability and security of the data.
The operation of the distributed ledger relies on consensus mechanism, encryption technology and node verification. The consensus mechanism determines how new data is added to the ledger, such as common proof of work (PoW) and proof of stake (PoS), so that nodes can agree on the validity of the data; encryption technology guarantees the privacy and integrity of the data, and prevents data from being tampered with and stolen through hashing algorithms and public and private key encryption systems; during the node verification process, new data needs to be checked and confirmed by multiple nodes in the network, and can only be written into the ledger after being approved by a majority of nodes. In the transaction process of HashKey Exchange , it is the synergy of these technologies that ensures the authenticity and immutability of transaction records.
The application scenarios of distributed ledgers are very wide. In the financial field, HashKey Exchange uses distributed ledgers to achieve transparent and efficient digital asset transactions, users can view transaction records in real time, reducing trust costs; in supply chain management, distributed ledgers can completely record the whole process information of goods from production to sales, achieve traceability of sources, and protect consumer rights; in the field of government affairs, it can break down data barriers between departments, improve data sharing efficiency, and optimize public services. With the development of technology, distributed ledgers are bringing innovation opportunities to more industries.
What is HashKey Exchange? HashKey Exchange is one of the first regulated cryptocurrency exchanges in Hong Kong to obtain a license from the Securities and Futures Commission (SFC). It supports fiat currency deposits and trading in Hong Kong dollars (HKD) and US dollars (USD), offering users spot trading services for mainstream digital assets including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The platform also provides OTC (over-the-counter) services to meet the needs of large-value asset transactions and fiat currency conversion, ensuring more flexible and private trading. To cater to the asset allocation needs of different investors, HashKey has launched the HashKey Earn channel, offering users fixed-term and demand financial products to achieve stable appreciation of crypto assets. The platform holds ISO 27001 and 27701 security certifications, employs a 98% cold wallet storage mechanism, and incorporates security measures such as two-factor authentication to provide users with a stable and reliable trading environment. Download link: https://www.hashkey.com/en-US/download Disclaimer: This material is for general information purposes only. It does not constitute, nor should be interpreted as, any form of solicitation, offer or recommendation of any product or service. It does not constitute investment, tax or legal advice. In no event should any news release be considered as recommendation of a particular type of digital asset. This material may include market data prepared by HashKey Exchange or data from third party sources. While HashKey Exchange makes reasonable efforts to ensure the reliability of such third-party information, such information may have not been verified. Graphics are for reference only. We make no representation or warranty, express or implied, to the timeliness, accuracy or completeness of the information in this material. Information may become outdated, including as a result of new plans, regulations or changes in the market. In making investment decisions, investors should not solely rely on the information contained in this material. The risk of loss in trading digital assets can be substantial and is not suitable for all investors. Any forward-looking statements in this material is subject to several conditions, uncertainties and assumptions. We undertake no obligation to update or revise any forward-looking statements. The English version shall prevail if there is any inconsistency between the English and Chinese versions.