Tag: cryptocurrency patent

Patent – A Blockchain Based System For Exchanging Value Between Crypto And Fiat Currencies

The concept of the digitization¬†of currency and implementation of cryptography to maximize the security of transactions is not new. Banks have been digitalizing fiat currencies for decades mainly via credit cards and payment processors. Nevertheless, the concept of rendering transaction records tamper-proof via basing the encryption of a transaction, or more accurately a block of transactions, on the proceeding one and broadcasting the whole records to all participating servers, has …
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