//DCC – Decentralized Banking

DCC – Decentralized Banking

Information stored on Blockchain is not stored in centralized servers, it is stored across a wide range of participating parties, called nodes. In order to hack into a Blockchain, an attacker would have to disable or target all of the nodes simultaneously. Rather than having to find one point of weakness, an attacker would have to find a multitude of them, making the process much more difficult and expensive. Nearly impossible in reality, because nodes are spread so far and wide. Transparency has been built into Blockchain through the blocks that are generated every ten minutes with a coordinated and verified history of all transactions that have occured. Transparency at it’s finest. These blocks are then added to a chain, which means that every action is traceable. This would facilitate the uncovering of breaches through routine audits, for example, of transactions. All of the users data, creditor or borrower, would be transparent on the Blockchain. DCC embraces a decentralized ecosystem.

Information stored on Blockchain is not stored in centralized servers, it is stored across a wide range of participating parties, called nodes. In order to hack into a Blockchain, an attacker would have to disable or target all of the nodes simultaneously. Rather than having to find one point of weakness, an attacker would have to find a multitude of them, making the process much more difficult and expensive. Nearly impossible in reality, because nodes are spread so far and wide. Transparency has been built into Blockchain through the blocks that are generated every ten minutes with a coordinated and verified history of all transactions that have occured. Transparency at it's finest. These blocks are then added to a chain, which means that every action is traceable. This would facilitate the uncovering of breaches through routine audits, for example, of transactions. All of the users data, creditor or borrower, would be transparent on the Blockchain. DCC embraces a decentralized ecosystem.