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Author Topic: [2016-01-14] Love Is Forever When It’s Written in the Blockchain  (Read 144 times)
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Young but I'm not that bold

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January 14, 2016, 03:51:12 PM

Imagine you want to declare your love for someone forever. You could write down your name and the name of your sweetheart on a padlock and affix it to the railings of a bridge, as it happens in Paris, Rome, Florence—even though you’d probably make municipal authorities and art historians very unhappy. Or… you could write a message into the bitcoin blockchain, making it eternal, uncensorable, independent, timestamped, and signed. Sound romantic?

The blockchain is the public registry that tracks all transactions in bitcoin. It’s a decentralized ledger, and over 5,000 copies of it are distributed all around the world, hosted by the nodes of the bitcoin network. The blockchain records who is paying whom; however, it is also possible to slip some extra data (such as text) into these records, the same way you can write down the reasons for a bank wire transfer you are sending.

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