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;

  1. Signature of Sender

  2. Signature of STORE node which verified transaction

  3. Blockchain hash in which transaction was recorded

  4. Account Balance details after transaction has occurred

  5. Transaction To / From account details

  6. Transaction hash (the unique address for that transaction)