A World Wide Ledger is a decentralized record-keeping system that maintains a permanent and secure collection of transactions. It operates on a global scale, allowing multiple participants to access and update the same data without the need for a central authority.This ledger uses blockchain technology, where records are grouped into blocks and chained together in chronological order. Each block contains a list of transactions, a timestamp, and a link to the previous block, making it nearly impossible to alter past entries without consensus from the network.The decentralized nature of the World Wide Ledger ensures transparency and security. Everyone involved can verify and audit transactions, reducing the risk of fraud. It also enables faster and cheaper transactions across borders, as it eliminates traditional intermediaries like banks.Through consensus mechanisms, such as proof of work or proof of stake, participants agree on the validity of transactions. This collaborative process fosters trust among users, making the ledger a reliable source of truth in a range of applications, from financial transactions to contract management.

China Reaffirms Strict Oversight on Virtual Currencies at Financial Street Forum
China’s central bank reiterated its tough stance on virtual currency activities as the 2025 Financial Street Forum Annual Meeting opened

