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What does that even mean? All bitcoin transactions use the blockchain. If by chance you mean "trades on exchanges" then the same could be said about nearly any
by trophycase 5y ago
What does that even mean? All bitcoin transactions use the blockchain. If by chance you mean "trades on exchanges" then the same could be said about nearly any financial instrument. A majority of movement is done by traders, market makers, etc.
- donkeyd 5y ago> All bitcoin transactions use the blockchain. Depends on how you define bitcoin transaction. The majority of BTC <> USD transactions (or any other currency) has no involvement of the blockchain at all. They happen purely within the databases of the markets. > the same could be said about nearly any financial instrument Well, that's kind of my point. People say that Bitcoin, the technology, is being used for lots of transactions already. However, most BTC, the cryptocurrency, transactions don't use the Bitcoin blockchain at all. They use the same basic technology that traditional banks and markets use. So where's the value add in the blockchain if it isn't being used?