Blockchain users don’t make transaction requests to us instead, they transact themselves, directly with a virtual currency network.
Check out our open-source code on GitHub.
Blockchain’s wallet is essentially a backup service, like Dropbox or Amazon Cloud, except much more limited.
We can only back up one kind of file – an encrypted wallet.
Blockchain is not a financial intermediary. This is different than how virtual currency exchanges operate. We never know any of our users’ private keys.
We don’t take control of or transmit our users’ virtual currency. Blockchain is noncustodial. Blockchain users can store and spend the same virtual currencies, in as many other industry-standard software wallets as they like... at the same time as they are stored in a Blockchain wallet.
Spend virtual currency on a user’s behalf (or against the user’s wishes).
Freeze or forfeit virtual currency on law enforcement’s behalf.
Determine the balance of wallets.