Kevin DrumJan. 20, 2018 11:38 AM Rowan Walrath wrote yesterday about bitcoin.
He talked to Pai-Ling Yin, a professor at USC: Anyway, blockchain. It’s an interesting technology.
As Walrath says, it’s decentralized. That means it’s a way of conducting reliable transactions without having anyone in the middle to verify them.
This has some potentially interesting uses, but only if you care deeply about not having anyone in the middle. The Visa network, for example, can process billions of transactions quickly and accurately, as all of know since we use our credit and debit cards every day with no hassle.
Transaction processing per se is not a problem that needs solving. However, all the transactions are managed by Visa. Read more from motherjones.com…
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