Blockchain is a type of distributed ledger technology (DLT), the foundational infrastructure for privately issued digital money. DLT is a combination of existing technologies, including Peer-to-Peer (P2P) networking, distributed time-stamping digital signatures, and hash functions.

Together, these technologies combine and form a record of transactions spread across a network of computers.

Users can read, verify and add transactions by following the relevant protocol. The security of this record is provided through cryptography, a form of encryption. Most DLTs build on this by offering functionality to create smart contracts, pieces of self-executing code that govern the behaviour of digital assets on the network.

DLT could provide a compelling infrastructure for a digital currency because it theoretically enables:

• Near-instant transaction settlement;

• 24/7 availability

• A new breed of automated payments known as programmable payments; and

• Potential for operational simplification and lower

transaction costs.

We at Nth Exception are working with the worlds best-known specialists in the digital currency space to simplify the adoption of digital currencies in years to come.