I'm not talking about vision of decentralized currency.
Issue resolved!
Yes a
centralized crypto can be done but banks are ahead on it already, so it must offer a benefit over banks.
OR could be a tie up with a bank.
Go for it BTCIndia, I always wanted an app that connects all banks' accounts.
Is centralized crypto really done??
What consensus model (for transaction verification) will be used? How will 51% attacks be prevented?
Assuming its premined, how will we ensure a "bad bank" does not put in a lot of resources to reverse transactions?