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transaction event log

Henk van Cann edited this page Oct 5, 2022 · 3 revisions

Definition

The set of transactions that determine registry state form a log called a Transaction Event Log (TEL). The TEL provides a cryptographic proof of registry state by reference to the corresponding controlling KEL. Any validator may therefore cryptographically verify the authoritative state of the registry.

Put differently

An externally anchored transactions log via cryptographic commitments in a KEL.

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