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It's implemented by just flipping bits in their database - no Bitcoin transactions or cryptographic functions are used here. I'm don't really understand what's
by M4v3R 13y ago
It's implemented by just flipping bits in their database - no Bitcoin transactions or cryptographic functions are used here. I'm don't really understand what's awesome about that - many Bitcoin services already support off-chain transfers between its users.
- EGreg 13y agoBut then you have to trust the provider to keep the record of off-ledger transfers. I guess for small amounts it's fine