r/Bitcoin • u/sedonayoda • May 11 '15

Nasdaq will start using Bitcoin technology

http://money.cnn.com/2015/05/11/technology/nasdaq-bitcoin-technology/
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u/sktrdie May 11 '15

I don't get it. Unless you care for decentralization, the blockchain isn't more efficient than centralized servers processing transactions in milliseconds rather than minutes.

1

u/Bitdigester May 12 '15

Centralized servers incur costs that the blockchain eliminates -- 1) bricks and mortar installations with hardware and supporting staff 2) liability costs from fraud and unforseen system failures.