Title Token for Blockchain Estate Registry, Part 3
Cointelegraph
Published Aug 08, 2020 06:00AM ET
Updated Aug 08, 2020 07:40AM ET
The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains. In simple terms, the protocol works as an aggregator of tokens across blockchains. The protocol conceptually comprises two major elements:
The resulting representation of the collected tokens is a logical superstructure across many blockchains — the public registry. It is decentralized because the same algorithms are applied to every node independently. So, a government agency, for example, doesn’t exclusively own one public property database, but it literally lives on every user’s machine in the cross-blockchain database.
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Written By: Cointelegraph
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