Yes. However by using crypto as the trust agent, the method is likely to consume ever inceasing amounts of energy over time to maintain. Is there a solution for the 51% issue? On 02:04, Thu, 17/09/2015 Melvin Carvalho <melvincarvalho@gmail.com> wrote: > On 16 September 2015 at 17:20, David Nicol <davidnicol@gmail.com> wrote: > >> And they called "blockchain technology" it what it is -- a ledger. >> Good! >> > > Yes, the ledger is the key. > > A block chain is actually a singly linked list. Typically blocks contain > transactions, which when added up form a ledger. > > In a centralized ledger system, you have central authorities saying who > has what. e.g. National currencies, equities, gift cards. > > In a distributed ledger system, you have a consensus protocol and actors > saying who has what. e.g. bitcoin, ripple, alts > > In a decentralized ledger system, there is no central authority saying who > has what, but transactions are possible between ledgers based on mutually > beneficial rules. e.g. linked data, the web > > >> >> >> On Tue, Sep 15, 2015 at 5:35 PM, Melvin Carvalho < >> melvincarvalho@gmail.com> wrote: >> >>> Crypto currencies just went mainstream ... >>> >>> >>> https://recode.net/2015/09/15/nine-of-the-worlds-biggest-banks-form-blockchain-partnership/ >>> >> >> >>
Received on Thursday, 17 September 2015 07:15:09 UTC