Distributed Ledger without the Blockchain

Re:Distributed Ledger without the Blockchain by placeybordeaux on Wednesday October 04, 2017 @12:06PM (#15401487)

Given the amount of people that suggest blockchains in a trusted environment it seems perfectly reasonable to reiterate that you don't need a blockchain to have distributed consensus.

I was hoping for something different given the title though.

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Re:Distributed Ledger without the Blockchain by dcdanko on Wednesday October 04, 2017 @12:54PM (#15401878)

I think a benefit of blockchains is that a single(ish) protocol can support many different distributed applications.

It's sort of like apps that run on Electron, performance might be bad but it's easy on the developer.

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Re:Distributed Ledger without the Blockchain by mrguyorama on Wednesday October 04, 2017 @01:17PM (#15402095)

Except blockchains are incredibly complicated, and as the hacks have shown, programming on the blockchain is a great way to create a bug bounty that also shuts down your company

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Re:Distributed Ledger without the Blockchain by dcdanko on Wednesday October 04, 2017 @01:25PM (#15402182)

Definitely, blockchains aren't secure in the way that many Ethereum apps seem to think they are.

But for certain types of lower stakes applications (say a log running on a mesh network of sensors) blockchains can provide a simple way to do something that could otherwise be fairly complicated. Certain blockchain implementations (I like MultiChain) are really easy to use.

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