For sure it is great news but as you said What kind of things can be done? And it is with the Monero blockchain? Can someone explain this?
Thx in advance,
Its about sharing
Alice and Bob want to enter an agreement and have that agreement authenticated by a trustless system. Alice and Bob don't want Eve to know about their agreement. Alice and Bob want to be able to show Jim that their agreement is authentic.
If Alice and Bob authenticate their agreement on Bitcoin (or any other public ledger), Eve will know about their agreement.
If Alice and Bob authenticate their agreement on Monero (or any other private ledger with optional transparency), Even will NOT know about their agreement but they can still show Jim that it is authentic.
There are nuances and many stipulations of the aforementioned arguments, but thats the distilled version (AFAIK).
Frankly I think Alice is a bitch, Bob should know better, and Jim has serious psychological issues.
It's Eve who I feel sorry for.
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