transaction-event-log [ noun ]
AI–generated Summary
The transactions that determine the registry state form a log called Transaction Event Log (TEL) and are cryptographically linked to the corresponding controlling KEL.
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.
