Trisky Posted August 9, 2017 Share Posted August 9, 2017 2 hours ago, Max Entropy said: As a consequence, more of these events will serve to demonstrate the practical value, for enterprises and banks to develop de-centralized services. Hear, hear 32 minutes ago, Tinyaccount said: I'm too thick to understand Max and Coinseekers comments in the three posts above.... can anyone explain what is being said in words for dummies? The (crypto) technology used is blockchain. It's decentralized and very well encrypted. Meaning if I want to fool/change a transaction, I need to fool 51% of the entire network before a change is made to the databases we all use when in possession of crypto currency like XRP. Hacking/modifying 51% of those databases is nearly impossible. Having an built in exchange like coinseeker adds makes it very hard to manipulate. Most other exchanges are connecting to a blockchain in a centralized way (having one or more servers with an old fashioned security system in place). You see a lot of hacks lately, this is not the blockchain technology being hacked but everything that isn't blockchain (yet). Link to comment Share on other sites More sharing options...
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