This has got me really excited cannot wait to see how it pans out, pardden the pun 
Topic: [2016-03-11] Bank of England working on Bitcoin alternative RSCoin (Read 591 times)
This has got me really excited cannot wait to see how it pans out, pardden the pun 
March 15, 2016, 10:44:28 AM
Yeah! I saw that news on internet. Is this currency mineable like others for example bitcoin? I am much interested.
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This was discussed a couple of days back. It is nothing like Bitcoin.
You can have a look at this thread for more information.
https://bitcointalksearch.org/topic/2016-03-10-softpedia-bank-of-england-is-preparing-to-launch-its-own-bitcoin-1394205
March 15, 2016, 10:16:26 AM
Yeah! I saw that news on internet. Is this currency mineable like others for example bitcoin? I am much interested.
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March 10, 2016, 08:55:53 PM
The Bank of England has partnered with researchers at University College London to help it create a centrally controlled digital currency.
The newly-developed RSCoin uses cryptography to combat counterfeiting, and unlike the technology underpinning Bitcoin, the blockchain, RSCoin is controlled by a central body.
Blockchain is distributed ledger technology where a network of computers record transactions. Each computer must approve a transaction before it is recorded in a new "block".
Read more: http://www.itnews.com.au/news/bank-of-england-working-on-bitcoin-alternative-rscoin-416779#ixzz42YUmX0Sz
The newly-developed RSCoin uses cryptography to combat counterfeiting, and unlike the technology underpinning Bitcoin, the blockchain, RSCoin is controlled by a central body.
Blockchain is distributed ledger technology where a network of computers record transactions. Each computer must approve a transaction before it is recorded in a new "block".
Read more: http://www.itnews.com.au/news/bank-of-england-working-on-bitcoin-alternative-rscoin-416779#ixzz42YUmX0Sz
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