What is the ”Proof of Keys” Cryptocurrency Movement?32

One of the first things you learn regarding cryptocurrencies is that you don’t technically “own” these assets. Unlike traditional currencies, you aren’t literally transferring coins into your wallet.

Instead, purchasing a digital asset means you’re buying a key that represents ownership of such value. You can use that key to tell the blockchain where to move your assets. This brings into question – do these assets actually exist? The “Proof of Keys” movement, which is coming to fruition as of today, is uncertain of the answer.

Original source
https://blockonomi.com/proof-of-keys/

Add comment

Please Sign in to be able to leave comments.