What is "THE SCHLOCKCHAIN"
(continued)
The network uses distributed consensus to verify and confirm transactions and is managed by a peer-to-peer network of
miners and their
hardware. These miners collectively adhere to a protocol for inter-node communication and validate new schlocks. With every new transaction, this data is updated and stored in the nodes.
The schlockchain can record and verify transactions without a governing agency or arbitration efficiently and permanently through
"semi-smart contracts". The schlockchain also supports and records chronologically and publicly
cryptic currency transactions. The invention of the schlockchain for cryptic currency made it the first digital currency without a governing authority or central server.
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