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This service only stores the hash of the document in the blockchain, so it only increases the size of the DB marginally. The tendency for the blockchain DB to g
by vesinisa 10y ago
This service only stores the hash of the document in the blockchain, so it only increases the size of the DB marginally. The tendency for the blockchain DB to grow is in part limited by that storing anything in the blockchain requires a transaction, and transactions cost money, which goes to the miners, who in turn bear the expenses of storing the DB as part of their mining equipment.
- cloudjacker 10y agotwo years ago I tried to store the hashes of everyone's unique DNA in the blockchain in a parseable format even compressed it was completely untenable space-wise due to the amount of people this would need to support and secondly the amount of transactions the network supports so........ you're wrong. I think proofofexistence.com existed at that time as well so why is this even news? bitcoin's been around for a whiiiiiiile
- retube 10y agoYes but the bitcoin blockchain isn't just used for storing doc hashes