Traditional Culture Encyclopedia - Traditional virtues - What do you mean by decentralized accounting of blockchain assets?
What do you mean by decentralized accounting of blockchain assets?
The third main feature of blockchain assets is the decentralization of bookkeeping.
If you transfer money to others, it will not be delayed for a few days because the bookkeeping institution is going to have a holiday; Will not pay high fees because the bookkeeping institution wants to make a profit; Will not suffer losses because of cheating in accounting institutions.
Because its bookkeeping is carried out on the whole network. The account book of your transfer record to others will not be unified because of the loss of account book data here or there, because this account book is maintained by the whole network and every node has a backup. If you transfer 0.5 coins to Huobi Niu Niu, you just need to look at the recorded data of the whole network together: whether it has arrived, how many times it has been confirmed, and so on. Very transparent and fair.
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