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No version of a blockchain (distributed database) is ready for this type of data storage. Bitcoin has fees of a few pennies to several dollars depending on the
by kylebenzle 10y ago
No version of a blockchain (distributed database) is ready for this type of data storage. Bitcoin has fees of a few pennies to several dollars depending on the tx size. Any other version of a blockchain lacks the "tamper proof" security that Bitcoin's offers. After recently speaking with a higher in IBM's IOT division and this type of article, it looks like even IBM is still way off target on their understanding on the potential use Bitcoin tech. The choice is either to pay exorbitant fees to have your data included in the blockchain or wait potentially days for a confirmation and/or needing to resubmit the Tx. Core dev. Greg Maxwell (nullc) could better speak to this point.