Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/educational-byte-why-doesnt-crypto-need-banks-to-work.
Banks once kept money fair by law and authority. Crypto takes another path, using code and shared rules instead. How does that shift change who controls money?
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Crypto is a new type of money, designed to be out of reach for banks, governments, and any other big central party. Unlike banks, unlike banks, are systems that run day and night, across borders, with rules enforced by code rather than a central authority.