To realize digital cash, you require a payment network with accounts, balances and transactions. One problem that every payment network has to solve, is to prevent that one entity spends the same amount twice. This is usually done by a central server who keeps record of the balances. CORUSBLOCK runs within a decetralized network. There is no central server. Every entity within the network is required to do this job. Any peer in the network needs to have a list with all transactions, to check whether future transactions are valid. This is a so-called peer-to-peer network.
CORUSBLOCK is a so-called cryptocurrency institution. Today, cryptocurrencies have become a global phenomenon known to most people. Still somehow not understood by most people, banks, governments and many companies are aware of its importance.
In the upcoming years, we will watch national governments take rapid steps towards instituting a cashless society where people transact using centralized digital currencies. At the same time, the decentralized cryptocurrencies, that some even view as harder money, will see increased use from all sectors.
If you strip all the surroundings of cryptocurrencies and reduce it to a simple definition, you will see it is just limited entries in a database no one can change without fulfilling specific conditions. This may seem very ordinary, but this is exactly how you can define a currency.
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Group CEO | Blockchain Entrepreneur | VeChain ICO Partner | Fund Partner | Exchange Founder | Singapore Rated on Sep 16, 2018
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11%
Project is gone for sure. Examples should be made to gauge what makes a really bad or scam level project. We can then backtest and use these as the benchmark for future grading.
There is't description of the project. Most likely the project is already dead. I will be able to change estimates only after there will be any activity and there will be a clear idea.
Entrepreneur |ICO,IEO Advisor| Blockchain Consultant | Listing On Exchanges | Marketing And PR Expert | Mentor Rated on Sep 17, 2018 Modified on Oct 21, 2018
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9%
NO information about ICO. NO information about team members. Show offline from website link, No update from any Social media links about this project. No product. No WP. Totally unprofessional activities. Probably this project dead.
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