Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by pat2man on Tuesday December 22, 2020 @03:06AM
(#25504074)
“Proof of authority” chains are a lot more than just a database. There is still a verifiable audit trail etc.
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Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by saberdancer on Tuesday December 22, 2020 @03:18AM
(#25504131)
Nothing stops you from having a verifiable audit trail in a SQL database. You could even decentralize the audit trail.
Problem with Ripple is creation of new XRPs, they had full control over that.
Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by thinkloop on Tuesday December 22, 2020 @04:11AM
(#25504418)
How do you decentralize the audit trail? Would need something like ripple
Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by strken on Tuesday December 22, 2020 @07:16AM
(#25505537)
Generate a cumulative checksum of everything that happened yesterday plus the previous day's checksum, and post it in the local paper, on your website, and in all investor documentation.
Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by px43 on Tuesday December 22, 2020 @03:18AM
(#25504129)
Eh, last I checked the five primary validator nodes are all run by Ripple.com. Not really "POA" when there's only one authority IMO.
Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by jnwatson on Tuesday December 22, 2020 @03:36AM
(#25504239)
So, a database plus digital signatures.
Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by waynesonfire on Tuesday December 22, 2020 @03:19AM
(#25504140)
so a sql database