An auditable ledger is a record-keeping system that allows transactions to be tracked and verified over time. In the context of digital currencies, it refers to a transparent and immutable database where all transactions are logged sequentially.Each entry in this ledger typically includes details such as the amount, the parties involved, and a timestamp. This structure not only ensures that transactions are permanent but also makes it easy for anyone to verify the accuracy of the information.The ability to audit a ledger is crucial for maintaining trust among users. If discrepancies arise, anyone can review the records to confirm whether a transaction was executed correctly. This transparency helps prevent fraud and enhances security.Overall, an auditable ledger promotes accountability, making it essential for systems that rely on trust among multiple parties. It empowers users to have confidence in the authenticity of their transactions and supports the overall integrity of the financial ecosystem.