3 ms·
i was thinking of algorand, personally.. but all cryptocurrencies are 1. tokenized: we care about moving 'units' of 'value' between 'accounts' 2. ledger-based
by frazbin 5y ago
i was thinking of algorand, personally.. but all cryptocurrencies are
1. tokenized: we care about moving 'units' of 'value' between 'accounts'
2. ledger-based: having an immutable record of previous state changes
3. distributed: progression of state is determined by many participants who may not share a common goal
4. consensus mechanism: this is what the system gives us: a set of rules which if followed allow parties to agree on the contents of the ledger.