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        <title>2.2.2.3.1.1 Ledger</title>
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        <description>2.2.2.3.1.1 Ledger

 return to Immutable Data Objects 

Typically, an immutable data object is stored as a  ledger. The term ledger is a distributed object that has its root within accounting systems and is comprised of a series of entries that represent an account at different stages in its life. This includes its value, an operation to be performed on the value, and potentially another account that receives or sends an amount. Ledger entries are immutable, i.e., once an entry has been added to…</description>
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        <title>2.2.2.3.1.2 Transactions</title>
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        <description>2.2.2.3.1.2 Transactions

 return to Immutable Data Objects 

Transactions contain cryptographically signed data required to describe the creation, transfer, or destruction of fungible data representing an asset stored within the ledger. The transaction captures the change in state of the contents of the ledger. Currently, each implementation of</description>
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        <title>2.2.2.3.1.3 Identities</title>
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        <description>2.2.2.3.1.3 Identities

 return to Immutable Data Objects 

Associated with items in the ledger are identifiers which associate fungible data represented in the ledger with accounts or associated with transactions. In classic financial Ledgers, these identifiers are generally account numbers that contain a balance (a tally) of the fungible data associated with the account and the entry number of the row within the ledger. For example, account $50. Ledger Entry ''ttt2'' adds $</description>
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        <title>2.2.2.3.1.4 Wallets</title>
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        <description>2.2.2.3.1.4 Wallets

 return to Immutable Data Objects 

 Wallets are not quite like physical wallets carried around in pockets or handbags. They are repositories where the cryptographic keys associated with the fungible data managed by the ledger are stored. These keys are required to unlock access to the fungible data in the ledger. For example, within the</description>
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