4 ms·
What else does Bitcoin have that is "innovative"? It's simply document timestamping service, and about the only thing that was new about it was decentralization
by dozzie 9y ago
What else does Bitcoin have that is "innovative"? It's simply document
timestamping service, and about the only thing that was new about it was
decentralization.
- isubkhankulov 9y agoyes, irrevocable timestamped database using proof of work algorithms
- dozzie 9y agoIrrevocability is implied by how cryptographic timestamping works in general, database is an implementation detail, and proof of work is not a benefit, but a (high) price to pay for lack of central coordination. I think you should tone down your admiration for blockchain.