Blockchain : How does the immutable and transparent of blockchain square with things like the Mount Gox heist?
I’m a complete noob but this is a genuine question has been bugging me for a while so I thought this is a good place to ask.
It’s in the title question really. If block chain creates immutable records of where tokens (coins?) are and is a decentralised record of their movement (transactions) that is totally transparent. How can so many bitcoins go missing or subsequently be used again without reappearing on a ledger?
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
Author: DScoopy27
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