Merkle trees, also known as hash trees or binary hash trees, are tree-like data structures used in computer science. They are named after their inventor, Ralph Merkle, who proposed the concept in 1979 ...

A Merkle tree, known as a hash tree, is a structure that allows for secure verification of content in large data structures, such as transaction records in a blockchain block. Here’s how it works: ...

Ultimately, a hash-based signature scheme named XMSS (eXtended Merkle Signature Scheme) was discovered. XMSS incorporates a merkle tree and can be used many times over.

and other cryptocurrencies. Additionally, they are known as "binary hash trees." The ledger of a centralized database keeps track of each user's assets in a centralized crypto exchange.