3 ms·
I read the article and he doesn't really answer why this is beneficial. If you have an arbiter of truth, isn't it just a really inefficient database?
by gburt 9y ago
I read the article and he doesn't really answer why this is beneficial. If you have an arbiter of truth, isn't it just a really inefficient database?
- omarforgotpwd 9y agoExactly. A blockchain is supposed to provide a set of guarantees so the nodes don't have to trust each other. If there is already trust, why bother with a blockchain in the first place? If there isn't trust, then there's definitely a possibility that one of the untrusted parties could try and attack or disrupt and the shared ledger.
- askmike 9y agoTrust is not always so black and white (as on the open internet where anonymous people try to scam each other), in a lot of business cases there are different levels of trust which needs to be handled in a different way.