Thats an important distinction - a crypto-protected distributed ledger (which is what blockchain is/does) is separate though essentially always paired with its cryptocurrency as well. The crypto-protection on the blockchain serves to protect it from fabricating or falsifying or otherwise tampering with records. And I guess the central bank version wont be distributed - could you imagine them letting ordinary people see what is being transacted? Not going to happen.
In theory non-crypto assets can be entered onto the blockchain as well.. which is how NFTs came about, and also why people are trying to enter text records like material which might face censorship to the blockchain. Since then its protected.
could you imagine them letting ordinary people see what is being transacted?
Exactly. The whole point of cryptocurrency was to have a secure NON-CENTRALIZED digital currency. So the CENTRAL banks are gonna be in charge of the new digital currency. Mint at will and sell back to us with interest. Sound familiar? The blockchain technology is just a way to organize and retrieve transaction data.
Looks like the DS MOFOs are grabbing the blockchain technology to use for their digital currency. Notice she says this is NOT cryptocurrency.
Thats an important distinction - a crypto-protected distributed ledger (which is what blockchain is/does) is separate though essentially always paired with its cryptocurrency as well. The crypto-protection on the blockchain serves to protect it from fabricating or falsifying or otherwise tampering with records. And I guess the central bank version wont be distributed - could you imagine them letting ordinary people see what is being transacted? Not going to happen.
In theory non-crypto assets can be entered onto the blockchain as well.. which is how NFTs came about, and also why people are trying to enter text records like material which might face censorship to the blockchain. Since then its protected.
Exactly. The whole point of cryptocurrency was to have a secure NON-CENTRALIZED digital currency. So the CENTRAL banks are gonna be in charge of the new digital currency. Mint at will and sell back to us with interest. Sound familiar? The blockchain technology is just a way to organize and retrieve transaction data.