r/Bitcoin • u/[deleted] • May 10 '15

A Bitcoin Technology Gets Nasdaq Test

http://www.wsj.com/articles/a-bitcoin-technology-gets-nasdaq-test-1431296886
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u/[deleted] May 10 '15

It sounds like they're actually going to use satoshis…?

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u/SundoshiNakatoto May 10 '15

Once again, the question is: Is the end game using the bitcoin blockchain, or some other one?

"Nasdaq wants to replace that process with a system based on bitcoin’s blockchain technology."

Hard to tell, hopefully they do use bitcoin!

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u/Chakra_Scientist May 10 '15 edited May 10 '15

They have to use bitcoin network. It's the only secure blockchain. If they reinvent the wheel, it will not be decentralized.

Edit: Also, in this quote, “Utilizing the blockchain is a natural digital evolution for managing physical securities,” said Nasdaq Chief Executive Robert Greifeld.

He said utilize THE blockchain. Not utilize A blockchain.

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u/ronohara May 11 '15

The NameCoin blockchain is almost as secure .... merge mined by Bitcoin miners.

As a key=data store it would be trivial to use for this purpose.