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You don't need the distributed ledger to build a traceable record of value transfer though, the PGP NFT itself can be signed with an amendment documenting each
by root_axis 5y ago
You don't need the distributed ledger to build a traceable record of value transfer though, the PGP NFT itself can be signed with an amendment documenting each transfer.
- mattdesl 5y agoEventually you will need a public ledger (to support hundreds of thousands of these signatures), and the choice of making it centralized (mutable) or decentralized (very difficult to change). This is how you end up with a public distributed ledger aka blockchain.