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You need a blockchain for decentralised timestamps. That is because a blockchain is basically a slow clock. Its not easy to spoof as you would need to spoof the
by 456hdsaq234g 8y ago
You need a blockchain for decentralised timestamps. That is because a blockchain is basically a slow clock. Its not easy to spoof as you would need to spoof the Proof of Work. Any existing signature relies on a 3rd party trusted clock (like symantecs signing service for Authenticode).
- tylersmith 8y agoIn the white paper it's literally called the "timestamp server" and that is its sole function. Timestamping transactions in a decentralized environment.