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A comment on 100 years of whatever this will be. Parent comment
every actor in the system has its own ledger and they reconcile transactions at a given point in time.
you don't need to know what others are doing or who they are.
your bank authorize your transactions and then some other bank receives the order to deposit the money on another account they control.
in this sense banking is more decentralized than "one true ledger to rule them all"
every actor in the system has its own ledger and they reconcile transactions at a given point in time.
you don't need to know what others are doing or who they are.
your bank authorize your transactions and then some other bank receives the order to deposit the money on another account they control.
in this sense banking is more decentralized than "one true ledger to rule them all"