Chapter
The Power of Blockchain's Transparent Ledger System in the Cryptocurrency Space
06:52 - 17:49 (10:57)
The blockchain's transparent ledger system makes cryptocurrency transfers as real as physical transfers, creating a powerful and impactful money system.
Clips
The concept of a distributed ledger allows for transparency and accountability in communication.
06:52 - 10:54 (04:02)
Summary
The concept of a distributed ledger allows for transparency and accountability in communication. It ensures that everyone has access to a shared and secure database, eliminating the need for trust in a single individual or entity.
ChapterThe Power of Blockchain's Transparent Ledger System in the Cryptocurrency Space
Episode#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
PodcastLex Fridman Podcast
Cryptocurrency is a powerful and transparent money system that leverages blockchain technology's idea of a common knowledge ledger.
10:54 - 14:51 (03:56)
Summary
Cryptocurrency is a powerful and transparent money system that leverages blockchain technology's idea of a common knowledge ledger. Blockchain's transparency allows everyone to see the bids and the actual transfer of cryptocurrency is as real as giving a physical item to someone.
ChapterThe Power of Blockchain's Transparent Ledger System in the Cryptocurrency Space
Episode#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
PodcastLex Fridman Podcast
Money is essentially a social belief system that facilitates transactions, and is even more abstract when not directly tied to physical goods like gold, which has implications for the rise of digital currencies such as cryptocurrency.
14:51 - 17:49 (02:58)
Summary
Money is essentially a social belief system that facilitates transactions, and is even more abstract when not directly tied to physical goods like gold, which has implications for the rise of digital currencies such as cryptocurrency.