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I imagine this is solely intended as a building block (based on their previous announcements), and the question of incentivizing mining is left as an applicatio
by niftich 10y ago
I imagine this is solely intended as a building block (based on their previous announcements), and the question of incentivizing mining is left as an application-level concern.
Notably, this can be used as a private blockchain which doesn't need to incentivize mining. The operating organization simply runs all transaction verification themselves.
- icebraining 10y agoNotably, this can be used as a private blockchain which doesn't need to incentivize mining. The operating organization simply runs all transaction verification themselves. But then why would you need a blockchain at all? Just use a regular database, which will be more efficient and much better tested.
- buttershakes 10y agoBecause marketing.
- niftich 10y agoBecause a blockchain a specific type of distributed database, where sequentiality and tamper-protection come built-in. Although the hype behind blockchains is strong right now, they're a useful construct for recording a continuous set of truths like you'd want for a transaction ledger.