One of the attributes offered by the cryptocurrency market is the security of all your transactions. Anyone can access your wallet if you leave it lying around. Open it up and there is all your data: cash, driver’s license, credit/debit cards, pictures of your dog, business cards, etc. With cryptocurrencies, you must know the security procedures before you can access your money. When you get into your crypto account, you can access every single transaction you had in your account.
Imagine, if you will, traveling around with every single bank statement you have ever received about your account in your pocket. That’s either a whole bunch of paper and/or digits. Even your bank account has limits as to how much account history you can see. As such, you’re forced to ask your bank to open up your account history files to see transactions from the past 17 years.
40 years ago, when oil was starting to decline to $9 per barrel in 1982, Tim Mattingly, one of the founders of Plus & Minus, designed an accounting system that was based on what we call today “blockchain” security. Because of its design of a single block of data, referred to as the General Ledger, the user can compose a complete history of every single financial transaction that has affected every single account; thus, if you want to compare how much you paid for rent in 1984 versus much you pay in 2022, you can get the data instantaneously.
Plus & Minus uses the Google search algorithm to access data.
Now the question is: which came first, Plus & Minus Accounting Software or cryptos? Plus & Minus singlehandedly wins this contest courtesy of their incorporation documents.
