Blockchain Regulation Confusions

Written by kameir | Published 2020/05/24
Tech Story Tags: cryptocurrency | btc | ethereum | money | law-and-technology | digital-asset | crypto | hackernoon-top-story

TLDRWhen listening to regulators, it becomes apparent that there's still a wide gap in understanding decentralized technologies, including blockchains. First off, blockchain technology (BT) is not the same as blockchain. The former refers to an advanced encryption scheme, and is mentioned as such in reference two of the Bitcoin Whitepaper. Bitcoin and other blockchains utilize this hashing and time-stamping schema in their architecture towards the three main innovations: smart contracts, digital bearer instruments, and decentralized autonomous organization structures. Well, it's technically just one, since the latter two are made-off the first.via the TL;DR App

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Written by kameir | Managing Partner, Sustany Capital
Published by HackerNoon on 2020/05/24