I know very little about cryptography. Say I wanted to start my own currency. Would it be possible to create a secure currency JohnCoin where I and only I can produce new JohnCoins?
Would it be possible to create a secure currency JohnCoin where I and only I can produce new JohnCoins?
If that’s your only criterion that’s easy.
Convincing anyone else to use a currency that you and only you can create is much harder. ;)
Of course.
So, in principle a central bank (say the Fed or the ECB) could switch its currency to a similar system without changing its model very much.
I know very little about cryptography. Say I wanted to start my own currency. Would it be possible to create a secure currency JohnCoin where I and only I can produce new JohnCoins?
If that’s your only criterion that’s easy.
Convincing anyone else to use a currency that you and only you can create is much harder. ;)
Of course.
So, in principle a central bank (say the Fed or the ECB) could switch its currency to a similar system without changing its model very much.