Minneapolis Fed paper examines DNA of crypto assets
Cryptography can identify modifications in transaction records without a central structure
Just as a family tree is linked by DNA, which allows any given individual to trace his or her ancestry, blockchain provides the technology that enables similar analysis in the exchange of value between two parties.
Angela Lawson, a senior payment consultant at the Federal Reserve Bank of Minneapolis, uses this analogy in an article published on June 7 to explain how blockchain works.
The technology behind blockchain and its related crypto assets is cryptography, which performs several key
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