Your transaction goes onto a publicly traded ledger that can be checked, crosschecked, and verified in the public domain.
If you transact with fiat money, it goes onto a privately traded ledger that only your banking institution can see and verify. This has become quite the problem with stock trades, as hedge funds have been caught fabricating fraudulent shares without public disclosure the ability for shareholders to verify the integrity of a given stock.
One day soon, the entire stock market will be tokenized and operate on a blockchain. Blockchain technology makes it impossible for synthetic fraudulent shares or tokens to be created.
Your transaction goes onto a publicly traded ledger that can be checked, crosschecked, and verified in the public domain.
If you transact with fiat money, it goes onto a privately traded ledger that only your banking institution can see and verify. This has become quite the problem with stock trades, as hedge funds have been caught fabricating fraudulent shares without public disclosure the ability for shareholders to verify the integrity of a given stock.
One day soon, the entire stock market will be tokenized and operate on a blockchain. Blockchain technology makes it impossible for synthetic fraudulent shares or tokens to be created.
How so?