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To: metmom

I invested in them this past week. Blockchain is going to be the new secure currency between institutions. Apparently the coding behind it is designed to eliminate fraud in transactions.

So as I understand it, it isn’t so much the currency which is the prize as much as the technology behind it.


4 posted on 12/17/2017 12:09:49 PM PST by EQAndyBuzz (We're CNN. We're not lying, we're just incompetent!)
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To: EQAndyBuzz
Blockchain is going to be the new secure currency between institutions.

Blockchain, at its most basic, is a universal register. Every transaction that occurs in a blockchain system is registered with every node in the system. To attempt to forge or alter a transaction would require that one modify every single node in the chain in a time frame sufficient that the modification isn't detected and corrected.

Blockchain will make fraud virtually impossible.

14 posted on 12/17/2017 1:46:33 PM PST by rarestia (Repeal the 17th Amendment and ratify Article the First to give the power back to the people!)
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