Distributed timestamping is a method used to verify the creation and existence of digital data at a specific time without relying on a central authority. In this system, each piece of data or transaction is assigned a timestamp that is recorded in multiple locations across a network of users or nodes. This ensures that the timestamp cannot be altered or erased by any single entity.The process typically involves hashing the data along with the timestamp, creating a unique fingerprint. This hashed value is then incorporated into a blockchain, which is a decentralized ledger that makes the information secure and tamper-proof.Because multiple copies of the timestamped data exist across the network, it becomes very difficult for anyone to dispute the existence of the data at the given time. This enhances transparency and trust, making it useful for applications that require proof of existence, such as contracts, intellectual property, or financial transactions. Overall, distributed timestamping helps ensure data integrity and provides a reliable way to establish the chronology of events.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to