how do banks store digital money ?
Let’s suppose a central bank gives 10 million dollars to a local bank.
How is this money saved?
It just a excel spreadsheet with the amount of the money writted in?
What prevents the local bank to just edit the “spreadsheet” ?
Is there any sort of protocol or agreement between the central bank and local bank,
Like a blockchain or something?
In: Economics
> What prevents the local bank to just edit the “spreadsheet” ?
The auditor: “That’s cool, but can you point out which incoming transaction that extra 5 million dollars are from?”
Bank manager: *sweating* from Other Bank.
Auditor: and if I call them, will they have an outgoing transfer matching it?
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