4 ms·
Yes I keep hearing this, but can you tell me why? What are the moving parts now, and how exactly will a blockchain make them go away, given that any blockchain
by Canada 10y ago
Yes I keep hearing this, but can you tell me why?
What are the moving parts now, and how exactly will a blockchain make them go away, given that any blockchain a bank would use won't directly represent the assets the bank claims to have? How can it ever be different from an authenticated messaging system?
I'd be very interested to read a detailed, technical explanation.
- ChemicalWarfare 10y agoCheck out Ripple docs. That's just one angle of looking at the situation (using a non-100%-privately-controlled-system) but it should clarify a few basic things.
- Canada 10y agoI've looked at the Ripple site. Can you explain why a blockchain is such a big deal over traditional consensus algorithms?
- ChemicalWarfare 10y agoNot sure what " traditional consensus algorithms" you're referring to. Using a trusted 3rd party entity to keep everyone honest?