3 ms·

Seriously I am too stupid to even know what this is... even after I read the FAQ. :(

• borplk 12y ago
  I'm no expert but I guess Bitcoin-like system for internet payment?
• cryptomatic 12y ago
  it's like ripple without the XRP
• danoprey 12y ago
  Haha. Perhaps we need to update our intro then, as I highly doubt that's true! Essentially, hyperledger is a decentralised set of servers (owned and operated by lots of different people). Each server has the same collection of ledgers, accounts and balances, as each other, i.e., they have consensus over who owns what. When there is a transaction between accounts, the client that controls the account notifies one server, which then checks this is possible with all other servers. Each client and server sign every request they make, so fraudulent transactions can be detected easily and bad clients or servers can be blacklisted.
  • tonetheman 12y ago
    I did finally get that it was like a distributed setup for a ledger. Thanks for the extra explanation!