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Blockchain is the New Global Data Network’s Authentication Layer

The Blockchain is a database that indexes transfers. The original method of transferring bitcoin was IP to IP. Nodes only reference the transfer. A user sends bitcoin directly to another user, and only then after the exchange has occurred would the transaction be referenced/indexed. Consequently, the argument that your tokens exist in cyberspace on the...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
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Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
(coming soon)