Re:Building for the Blockchain
by ericb on Tuesday January 09, 2018 @02:49PM
(#16109256)
I agree, although I might add "trustless" in there.
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Re:Building for the Blockchain
by bitcoinmoney on Tuesday January 09, 2018 @03:42PM
(#16109847)
i think trustless == ownerless. do you agree?
There's more dimensions to that though. Can participants have identities? If yes, then you don't need proof-of-work, for instance but can have a distributed ledgers with conventional algorithms for Byzantine agreement etc.
Might be just my misinterpretation, but when I hear blockchain I usually just think of conventional totally trustless and identity-less protocols that necessarily require proof-of-work - which is a security level which is not needed for most applications.