Sublime

When you receive bitcoins, you have to decide who will have permission to spend them, called authorization. You also have to decide how full nodes will distinguish the authorized spenders from everyone else, called authentication. Your authorization instructions and the spender proof of authentication will be checked by thousands of independent ful

how traditional approaches such as fiat-currency reserves and centralized servers can give the revolutionary aspects of cryptocurrency a practical application.

But he was able to cogently explain his vision of how the blockchain technology could make it easier for poor immigrants to transfer money back home and allow people with no access to a bank account or credit card to take part in the Internet economy.

Larimer and BitShares are all about DACs, “decentralized autonomous corporations.”