Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: VeryWellDone on March 23, 2020, 10:17:31 AM
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Blockchain can 100% increase the efficiency of digital financial transactions by providing a way for users and companies to perform direct transactions without any intermediaries. This reduces the cost, increases the security of transactions and also makes the system more transparent.
The founder of Karma, the first PoW cryptocurrency launched back in 2003, discussed this topic in the CESC (https://youtu.be/i5WGi4k68Ds). But can we achieve something higher for Blockchain?
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Anything apart from what he said is not feasible. the POW pattern has been flawed multiple times and projects are moving to POS. proof of stake to entice investors and long time holders. gradually, projects are finding means to attracts big money investors. i don't think there is any much thing that can be said about POW.
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Blockchain can 100% increase the efficiency of digital financial transactions by providing a way for users and companies to perform direct transactions without any intermediaries. This reduces the cost, increases the security of transactions and also makes the system more transparent.
The founder of Karma, the first PoW cryptocurrency launched back in 2003, discussed this topic in the CESC (https://youtu.be/i5WGi4k68Ds). But can we achieve something higher for Blockchain?
Blockchain technology will be mainly used by states. With the presence of the Internet, the possibilities for using the blockchain among states are very extensive, since almost every area of human life needs direct and safe access from the population. Any administrative services can be transferred to blockchain technology via the Internet. At the same time, we can only be in the role of users.