A blockchain technology firm, Yosemite X has recently released an open-source public blockchain that operates without a native cryptocurrency to enhance the transparency and lower the cost of data security measures. The founder of Yosemite X, YT Kim said, “Yosemite X has implemented a new way of designing a scalable public blockchain for enterprises, without needing a native cryptocurrency.”
The post Public Blockchain Without Native Cryptocurrency Launched by Yosemite X appeared first on Incrypts.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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