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I’m under the impression that we are starting with decentralized ledgers with traditional banking. The problem solved by blockchain is the synchronization/balan
by whytaka 5y ago
I’m under the impression that we are starting with decentralized ledgers with traditional banking. The problem solved by blockchain is the synchronization/balance of payments between the ledgers by just making everyone track the same unified ledger.
- baby 5y agoYou got it right. Blockchains emulate a centralized server, whereas the current financial system is heavily decentralized and hence slow.