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IBM plans to create an analogue of Bitcoin for common currency
Following the Bank of England , American Technology giant IBM plans to create an analogue of Bitcoin for traditional currencies, using blokcheyn technology, reports Reuters .
Based on information from a person familiar with the matter, IBM said that the aim is to carry out the traditional payments, thus eliminating intermediaries, such as banks.
The article explains: "All transactions will be in blokcheyn (open ledger) in the currency of a particular country, such as the dollar or the euro.
The source, whose identity has not been disclosed in connection with the policy of IBM, calls the project "Bitcoin, but without Bitcoin", adding that the project is still in its early stages of development. He further praised the goals that the project seeks to achieve, assuming that blokcheyn can help make payments, thereby making them more comfortable and easy to use.
"Now there is a turning point for this project," continues the source. "This project has a lot of sense for the digital currency Bitcoin, as it not only saves the state budgets, but this form of settlement is much easier and safer to use for people».
* Bitoin - an innovative network of payments and a new kind of money. Using P2P technology, Bitcoin is functioning without any supervisory authority or central bank; transaction processing and issuance carried out collectively members of the network. Bitcoin is open source; its architecture is famous around the world, no one owns or controls Bitcoin, but all can participate in the network. Due to its unique properties, Bitcoin opens new horizons of opportunities that are not available until this no payment system.
** Blokcheyn technology. At the core of the network Bitcoin is a public register called blokcheyn, or "chain blocks". This register contains the history of ever conducted transactions, allowing users' computers to check the validity of each transaction. The authenticity of each transaction is protected electronic signatures corresponding to the addresses used in a transaction that allows users to have full control over the shipment bitcoins from their bitcoin addresses. In addition, anyone can engage in transaction processing, using specialized equipment and computer power and earn bitcoins for these services. This is commonly called "Mining".
Source: geektimes.ru/company/matbea/blog/247184/
Based on information from a person familiar with the matter, IBM said that the aim is to carry out the traditional payments, thus eliminating intermediaries, such as banks.
The article explains: "All transactions will be in blokcheyn (open ledger) in the currency of a particular country, such as the dollar or the euro.
The source, whose identity has not been disclosed in connection with the policy of IBM, calls the project "Bitcoin, but without Bitcoin", adding that the project is still in its early stages of development. He further praised the goals that the project seeks to achieve, assuming that blokcheyn can help make payments, thereby making them more comfortable and easy to use.
"Now there is a turning point for this project," continues the source. "This project has a lot of sense for the digital currency Bitcoin, as it not only saves the state budgets, but this form of settlement is much easier and safer to use for people».
* Bitoin - an innovative network of payments and a new kind of money. Using P2P technology, Bitcoin is functioning without any supervisory authority or central bank; transaction processing and issuance carried out collectively members of the network. Bitcoin is open source; its architecture is famous around the world, no one owns or controls Bitcoin, but all can participate in the network. Due to its unique properties, Bitcoin opens new horizons of opportunities that are not available until this no payment system.
** Blokcheyn technology. At the core of the network Bitcoin is a public register called blokcheyn, or "chain blocks". This register contains the history of ever conducted transactions, allowing users' computers to check the validity of each transaction. The authenticity of each transaction is protected electronic signatures corresponding to the addresses used in a transaction that allows users to have full control over the shipment bitcoins from their bitcoin addresses. In addition, anyone can engage in transaction processing, using specialized equipment and computer power and earn bitcoins for these services. This is commonly called "Mining".
Source: geektimes.ru/company/matbea/blog/247184/
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