Every participant has a real-time, DNA-like record containing all the transactions.This decentralised network, combined with a unique coding system, means the technology is extremely tamper-resistant. "The factor of immutability prevents the past form being rewritten," SingularDTV founder Arie Levy-Cohen Singular said. "That's unique and new and this is THE breakthrough that underpins the invention. "The advantages are manyfold, experts claim, from indisputable proof of intellectual property rights and protection of royalty payments to improved crowdfunding opportunities. "Blockchain and piracy have an interesting relationship because many blockchain people are former pirates," Gazecoin's Peters told AFP.
Source: Egypt Today May 16, 2018 03:11 UTC