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Where does the blockchain come in? As long as you have a signature from the central authority over two conflicting transactions, you can prove it has defrauded
by runeks 9y ago
Where does the blockchain come in? As long as you have a signature from the central authority over two conflicting transactions, you can prove it has defrauded you.
Blockchains specifically solve decentralized consensus. It’s expensive and slow compared to using a central authority, but the advantage is that the system doesn’t suffer from a central point of failure.
- dozzie 9y ago> Blockchains specifically solve decentralized consensus. Wrong. Blockchains specifically timestamp documents. Consensus is a different problem and blockchains don't even touch that.