Great article. I love ledgers too. While I've only used one for personal accounting, this makes it clear there are a lot of other practical use cases.
Other commentor brings up a good point though - how do we efficiently get the balance of a certain account at a certain date time? Does using a ledger require constantly summing up columns? What happens when we have 1M, 10M, or 100M+ records?
Maybe the ledger would need to be broken into separate "completed" or "sealed" groups once we verify the balance is zero, so like the other commenter mentioned, we could have "checkpoints" where the balance is known to be zero and can calculate from that point forward, instead of from record 0.
Other commentor brings up a good point though - how do we efficiently get the balance of a certain account at a certain date time? Does using a ledger require constantly summing up columns? What happens when we have 1M, 10M, or 100M+ records?
Maybe the ledger would need to be broken into separate "completed" or "sealed" groups once we verify the balance is zero, so like the other commenter mentioned, we could have "checkpoints" where the balance is known to be zero and can calculate from that point forward, instead of from record 0.