Re:What Is Ethereum?
by dogma1138 on Saturday July 08, 2017 @08:05AM
(#14725123)
It is effectively a database with specific features.
A blockchain isn't magic, I'm currently working on a project with the royal mint that will be used for correspondent banking applications.
Think of it this way you have a database that is guaranteed to be consistent across all nodes, offers you full tracking of any action performed on that database, offers you non-repudiation and much more.
Sure you can probably hack it over an existing standard DB but at what cost?
A blockchain isn't magic, I'm currently working on a project with the royal mint that will be used for correspondent banking applications.
Think of it this way you have a database that is guaranteed to be consistent across all nodes, offers you full tracking of any action performed on that database, offers you non-repudiation and much more.
Sure you can probably hack it over an existing standard DB but at what cost?