Re:Blockchain could save investment banks up to $12B a year:...
by bduerst on Tuesday January 17, 2017 @03:36PM
(#13420942)
This is just passing the overhead cost to whomever is mining the network though.
The trustworthiness of a blockchain comes from it's ability to repel attacks with computing power, with more power meaning more trustiness. This means tremendous overhead for a blockchain that could just as easily be performed with the centralized system we have now.
The trustworthiness of a blockchain comes from it's ability to repel attacks with computing power, with more power meaning more trustiness. This means tremendous overhead for a blockchain that could just as easily be performed with the centralized system we have now.