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All "block chain" is is a Merkle tree. You can do all sorts of productive, interesting stuff with Merkle trees. If you want to do interesting things with a tr
by nordsieck 9y ago
All "block chain" is is a Merkle tree. You can do all sorts of productive, interesting stuff with Merkle trees.
If you want to do interesting things with a trust-less, decentralized system, you need the mining and mining rewards.
- Franciscouzo 9y agoIt's more of a linked-list of Merkle trees.
- Retric 9y agoThere are a few file sharing applications that do interesting things with trust-less, decentralized systems, without any sort of mining or mining rewards. Mining allows for high value transactions in a low trust environment, but lower value transactions are very possible without that. IMO Tit for Tat is a much more interesting form of consensus building as it can be very low resource. But it's really all about the goals not the protocol.