Re:Priority Queue on Ethereum with a 15 ETH Bug Bounty
by diegocerdan on Tuesday October 16, 2018 @05:16AM
(#18227894)
Is utterly funny to read people's opinions bashing against blockchain technology and when asked about a simple definition they fail to mention the use of consensus protocols which was, already 10 years ago, the huge innovation that lead to this revolution.
Re:Priority Queue on Ethereum with a 15 ETH Bug Bounty
by tomc1985 on Tuesday October 16, 2018 @12:40PM
(#18230808)
Consensus protocols are nothing new. The novel part of blockchains is the actual blockchain
https://en.wikipedia.org/wiki/Paxos_(computer_science)
You're thinking of a distributed ledger, which combine blockchains with consensus protocols
Re:Priority Queue on Ethereum with a 15 ETH Bug Bounty
by jon_richards on Tuesday October 16, 2018 @07:56AM
(#18228576)
I prefer the "proof of work != blockchain" comments when people include the most common consensus protocol in their simple description of blockchain.
A (potentially distributed) datastructure of some kind, which resembles a linked-list, and ensures its integrity using some sort of cryptographic hash of the previous link such that changing any link but the most recent invalidates the whole chain. Literally -- a chain of (data) blocks.
A non-engineering description of a "blockchain" should be considered to be misleading.
edit - also, I'd take cryptocurrencies more seriously if they could stay out of the headlines for a while