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Jörg Hohwiller edited this page Feb 13, 2019 · 4 revisions

ThankToken is secure

secure

Like other crypto-currencies also ThankToken is based on established and secure cryptographic algorithms such as ECDSA and SHA-256. These algorithms are the basis of bitcoin and many other crypto-currencies.

Future-proof

However, unlike most other crypto-currencies ThankToken is not based on blockchain. Instead it represents value as individual ThankTokens that each have a cryptographical chain of transactions to claim the ownership.

This allows a build-in concept for cryptographic upgrading, what makes it more future-proof as it allows to silently upgrade to even more secure algorithms in the future. With blockchain you would need to start from scatch in such case.

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