Network nodes, forming the Splitchain network, are necessary for reliable peer-to-peer communication uptime in case your phone goes offline.
They are also crucial to avoid double-spending, which is when users attempt to spend the same coin twice.
This is achieved by finding "truths" even after you have transacted with a person.
Truths are signed proofs of a transaction, from both the sender and the receiver.
Get periodic insights, news, offers + more, trusted by 1,000+ readers.
(By subscribing you agree to receive news + marketing emails, but we won't spam or sell your data!)