> For the complete documentation index, see [llms.txt](https://docs.validationcloud.io/v1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.validationcloud.io/v1/stellar/horizon-api/ledgers.md).

# Ledgers

Each ledger stores the state of the network at a point in time and contains all the changes - transactions, operations, effects, etc. - to that state.

Learn more about [ledgers](https://developers.stellar.org/docs/learn/glossary#ledger).