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How Bitcoin Can Make Asset Managers of Us All

The Bank of England's recent report on payment technology and digital currencies regarded the blockchain technologies that permits electronic currencies a'genuine technological innovation' which could have far reaching implications to the financial industry.

The block series is an online decentralised public ledger of digital transactions that have happened. It's digital money's equivalent of a high street bank's ledger that records transactions between two parties.
Just as our modern banking system couldn't operate without the capacity to record the exchanges of fiat money between individuals, so too may an electronic network not function without the trust that comes from the ability to accurately record the exchange of electronic money between parties. btc double (http://www.jodohkita.info/story/1840154/)

It's decentralised in the feeling that, unlike a conventional bank that's the only holder of an electronic master ledger of its own account holder's savings that the block series ledger is shared among all members of this community and is not subject to the stipulations of any particular financial institution or nation.

A decentralised financial network ensures , by sitting beyond the evermore connected current financial infrastructure one can mitigate the risks of being a part of it if things go wrong. The 3 chief risks of a centralised financial system that were emphasized as a result of the 2008 monetary catastrophe are liquidity, credit and operational collapse. double ripple (http://www.usefulenglish.net/story/577531/)
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