Bifalgorithm post · Digital Money and Decentralized Trust · Chapter 1
Trusted institutions record balances and verify transactions between strangers.
Trusted institutions record balances and verify transactions between strangers. (Digital Money and Decentralized Trust · Chapter 1) — "Trusted institutions rec…
Ideas in this flowchart
- Trusted institutions record balances and verify transactions between strangers.
- Trusted institutions
- Trusted
- Institutions
- Institutions record and verify
- Recording balances
- Record
- Balances
- Balances are recorded
- Verifying transactions
- Verify
- Transactions
- Transactions are verified
- Between strangers
- Strangers
