How are transactions recorded on the //STORE network?
Once a transaction is verified by miners on the //STORE network, it is recorded separately in both the Account ledger and the Blockchain ledger.
Both of these ledgers are required in order to maintain a comprehensive historical record of the “state” of transactions across all participants in the network. Participants can then view this historical data by using what is commonly known as a “block explorer”
What is the Account ledger?
The record of transactions for a particular miner or wallet holder’s account.
What is the Blockchain ledger?
The record of transactions across all accounts providing a global view of transactions, along with the Account ledgers of the sender and receiver, the Blockchain ledger serves as a form of Triple Entry Accounting.
How do these components work together?
The following 6 components come together to form the transaction ledger;
Signature of Sender
Signature of STORE node which verified transaction
Blockchain hash in which transaction was recorded
Account Balance details after transaction has occurred
Transaction To / From account details
Transaction hash (the unique address for that transaction)