You are viewing a single comment's thread from:
RE: It's raining tokens are you getting yours?
Yep they are similar to SMT's in as far as they have smart contracts afaik.
It's all recorded on the steem blockchain with minimal data of each transaction. A bit like a merkle tree.
Howdy again sir molometer! you lost me with Merkle tree, what is that?
Basically in over simplified terms it is the sum of two previous transactions that can only be arrived at if the numbers add up. 👍
In cryptography and computer science, a hash tree or Merkle tree is a tree in which every leaf node is labelled with the hash of a data block, and every non-leaf node is labelled with the cryptographic hash of the labels of its child nodes.
Source - Wikipedia
oh, that is in over simplified terms? My gosh I'm hopeless! lol. But thank you sir molometer!