Understand distributed ledgers and the importance of financial decentralization
2018-03-02 11:59:35 Discuss What's the hype around decentralization all about? Why is it important? Why do we want decentralization, when centralized financial institutions seem to be working just fine? The answers to these questions range from political, ideological views all the way to software engineering challenges, network security, fault tolerance and other technical aspects. In this article we discuss some of the main points about distributed ledgers, the challenges posed by decentralization and why Bitcoin is such a relevan... Continue reading.
What is a Distributed Ledger - CoinDesk
December 23, 2018 12:04 PM Discuss Ledgers, the foundation of accounting, are as ancient as writing and money. Their medium has been clay, wooden tally sticks (that were a fire hazard), stone, papyrus and paper. Once computers became normalized in the 1980s and 90s, paper records were digitized, often by manual data entry. These early digital ledgers mimicked the cataloguing and accounting of the paper-based world, and it could be said that digitization has been applied more to the logistics of paper documents rather than their creation. Paper-based institutions remain the backbone of our society: money, seals, written signatures, bills, certificates and the use of double-entry bookkeeping.
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