The introduction of chain-of-ownership technology as a direct replacement for blockchain is fascinating. Blockchain has been the backbone of crypto for over a decade, offering decentralization. How does CLC ensure trust without a distributed ledger? Are there historical examples of similar centralized ledgers working effectively in financial systems?
It’s secret by the cryptographic signatures that are the backbone of CoO because you can only sign signatures with your private key, the centralized ledger doesn’t know it.