TradFi equivalent
In traditional finance...
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TradFi equivalent
In practice, a notarized document or a filed court record. Once entered into the official record, it cannot be quietly changed. Any amendment requires a formal, visible, traceable process.
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Analogy
In everyday terms...
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Analogy
The difference between a pencil entry and ink. A pencil entry can be erased and rewritten without anyone knowing. Ink is permanent. Blockchain records are ink.
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