Yes, You May Need a Blockchain

Posted by martonlanga on Friday February 12, 2021 @06:48AM
from the balajis.com dept.

( 4 comments | on HN )

Re:Yes, You May Need a Blockchain by outsomnia on Friday February 12, 2021 @07:28AM (#26112922)

> Originally appeared in Coindesk on May 14 2019

Blockchain Industrial Complex still trying.

IBM decided they don't need a blockchain

[ Parent | on HN ]

Re:Yes, You May Need a Blockchain by jqpabc123 on Friday February 12, 2021 @07:54AM (#26113109)

The fact that IBM failed to grasp this before jumping on the bandwagon does nothing but further erode confidence in IBM.

[ Parent | on HN ]

Re:Yes, You May Need a Blockchain by jqpabc123 on Friday February 12, 2021 @07:46AM (#26113045)

Public blockchains are massively multiclient, open state databases

Only 2 small, little problems.

1) Who needs this --- other than cryptocurrency?

2) Who pays the operating cost --- other than cryptocurrency?

Bottom line --- Blockchain is a solution tailored to a unique problem that only cryptocurrency has.

[ Parent | on HN ]

Re:Yes, You May Need a Blockchain by eimrine on Friday February 12, 2021 @06:59AM (#26112725)

Blockchain does not work without the cryptocurrency, so if you are not implementing yet another Bitcoin's fork, you NEVER need a Blockchain.

[ Parent | on HN ]