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Blockchains aren't plain old data structures. Their value comes from consensus, and it's way easier to use an existing consensus than to establish a new one.
by natrius 10y ago
Blockchains aren't plain old data structures. Their value comes from consensus, and it's way easier to use an existing consensus than to establish a new one.
- current_call 10y agoIs Ethereum not on its own blockchain?
- natrius 10y agoIt is. Establishing a new blockchain is a hard thing to do. Ethereum also benefits from network effects between contracts: any contract can call another one to use its functionality.
- current_call 10y agoWhat does "establishing" mean? There are lots of block chains.