How #iota’s #qubic is Enabling the Machine Economy
▻https://hackernoon.com/how-iotas-qubic-is-enabling-the-machine-economy-43da90464797?source=rss-
A rundown on DLT, IOTA, Qubic and the Machine EconomyThe Dawn of a New EraDLT is disrupting our SocietyDistributed Ledger Technology (DLT) - IOTA/Ethereum/Hyperledger - is poised to change the way our society functions on a fundamental level, by providing a means for “trustless” relationships - without the need for an intermediary. A trusted system requires checks and balances to ensure that the trust we place in it remains secure, while a trustless system does not.A good example of a trusted system is modern fiat currency. The money we hold in our bank accounts and wallets is backed only by the promise of the government printing it. It’s up to the government to ensure that the currency stays stable and that goods and services can reliably be exchanged for it. The government is the (...)