RATE Group | Trace Mayer Explains the Importance of Proof of Keys
80494
post-template-default,single,single-post,postid-80494,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Trace Mayer Explains the Importance of Proof of Keys

23 Feb Trace Mayer Explains the Importance of Proof of Keys

Posted at 03:37h in Bitcoin News by

[ad_1]

Proof of Keys was a concept first introduced by Satoshi Nakamoto, the legendary figure behind the birth of bitcoin, but it’s now being promoted further by the likes of Trace Mayer, the host of the “Bitcoin Knowledge” podcast.

Mayer: Proof of Keys Is What Keeps BTC in the Hands of the People

First discussed when bitcoin was released to the public over ten years ago, the concept behind proof of keys involves getting rid of all the trust issues in the monetary space by having people interested in or engaged in bitcoin take possession of the crypto units held by third parties. Therefore, financial independence and monetary say is given to average, everyday spenders – not corporations or banks.

A website devoted to the concept of proof of keys explains:

By demanding and taking possession of their assets, individuals will learn very fast with blockchain proof whether they are part of the elite HODLers or not. Proof of Keys is the annual HODLer initiation.

Putting it in layman’s…

[ad_2]

Source link

Tags:
, , , , ,