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shane (OP)
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March 11, 2016, 01:55:53 AM
 #1
The Bank of England has partnered with researchers at University College London to help it create a centrally controlled digital currency.

The newly-developed RSCoin uses cryptography to combat counterfeiting, and unlike the technology underpinning Bitcoin, the blockchain, RSCoin is controlled by a central body.

Blockchain is distributed ledger technology where a network of computers record transactions. Each computer must approve a transaction before it is recorded in a new "block".

Read more: http://www.itnews.com.au/news/bank-of-england-working-on-bitcoin-alternative-rscoin-416779#ixzz42YUmX0Sz
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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March 15, 2016, 03:16:26 PM
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Yeah! I saw that news on internet. Is this currency mineable like others for example bitcoin? I am much interested.

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March 15, 2016, 03:44:28 PM
 #3
Quote from: jaipagare on March 15, 2016, 03:16:26 PM
Yeah! I saw that news on internet. Is this currency mineable like others for example bitcoin? I am much interested.

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This was discussed a couple of days back. It is nothing like Bitcoin.
You can have a look at this thread for more information.
https://bitcointalk.org/index.php?topic=1394205.0

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March 15, 2016, 03:47:59 PM
 #4
 Smiley This has got me really excited cannot wait to see how it pans out, pardden the pun Smiley
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