What is a Distributed Ledger?
Picture the kind of hyper-simplified script economists love. Ten people buy and sell various kinds of widgets to/from each other using hard currency. Ringo sells Edith one of his widgets for a coin, Prakash buys two of Sameera’s widgets for three coins, and so on. When everybody’s done trading for the day, there’s no question of where they stand financially: they can just count their coins. Read More