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Because if it is not - it is simply a centralized database of payments. Like an SQL table of transactions. This has been a solved problem for decades. Visa and
by Erlich_Bachman 8y ago
Because if it is not - it is simply a centralized database of payments. Like an SQL table of transactions. This has been a solved problem for decades. Visa and MC processing servers all use cryptography in many parts of the stack, and yet no one calls Visa a cryptocurrency because of that. This is why if you see anyone use the word "cryptocurrency" when in reality they talk about a legacy centralized (thus lacking all decentralizations perks) database - you know they are assuming you have no actual knowledge about the area and are trying to buzzword you.
- zhte415 8y agoI'm not sure that something like Vision Plus is very similar to a Blockchain. Aside from both using cryptography, in the sense, of encryption. So... if such buzz words are used, it seems like a huge lie.
- andreygrehov 8y agoForget about centralized/decentralized. There is an ecosystem around existing cryptocurrencies. Wallets, exchanges, dapps, etc. All of it wouldn't work use they an SQL table of transactions.