Quote:
Originally Posted by Digitalis
Seems all nice and dandy but how do u keep reviews real and legit? Who is going to vet the code for whatever block chain transaction is going to occur?
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I'm not sure I understand your question. Are you asking how do you a know if a transaction is legit?
That's the whole breakthrough behind the blockchain technology. You can trust that a transaction which appears in the blockchain is legit because it has go through the "proof-of-work" vetting service before it can be added to the blockchain.
So when I send you $10, this $10 gets broadcasted to the network and sits in an "unconfirmed transactions" bucket. From this bucket, all the participating computers in the world use their computing power to try to be the first ones to confirm that this transaction is legit. The first one to do it, gets a 25 Bitcoin reward for their service, and this $10 is now added to the "confirmed transactions" bucket where you can now be sure that you won't get "charged-back" from this transaction.