Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ZOLD, an experimental non-Blockchain cryptocurrency for fast micropayments
by
fraazi
on 24/08/2019, 23:41:38 UTC
How do you tackle old data's immutability? What if someone tries to modify data processed a month ago. What is going to happen?

Do you think Visa/MasterCard speed is possibel with a cryptocurrency?

To be honest, I don't think it's possible at all. Cryptocurrencies are distributed by design. They have to MAINTAIN their data on multiple servers, which means that they have to spend much more time to approve a transaction. They will never be as fast as centralized solutions.

But if transpactions confirmation process is postponed, like here in Zold or Lightning Network, the user may not need to wait for long. The confirmation time is not so important. What is important is the trust we put into the network.