A flag ledger is a type of ledger that is used to signal a specific status or condition. In the context of blockchain technology, a flag ledger is typically used to indicate whether a transaction or other action should be allowed to proceed. For example, a flag ledger might be used to indicate whether a transaction is valid or whether a specific action should be allowed to take place. Flag ledgers are often used in conjunction with smart contracts and other blockchain-based systems to enable more complex and automated processes.
“The flag ledger was used to signal whether the transaction was valid or not, and if it was deemed invalid, the smart contract automatically cancelled the transaction.”