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When the Bitcoin paper originally came out, it used the word 'blockchain' to specifically mean a 'trustless distributed blockchain' where consensus is reached v
by YuriNiyazov 9y ago
When the Bitcoin paper originally came out, it used the word 'blockchain' to specifically mean a 'trustless distributed blockchain' where consensus is reached via mining, and that is susceptible to a 50% + 1 attack, and where the mining nodes are individual businesses that have no reason to trust each other except that the game is set up in a way that it is in their self-interest to secure the blockchain.
However, there's a use for the word 'blockchain' which is 'distributed blockchain', which is a data structure that is a chain of blocks where each includes a hash of the previous one - it's distributed amongst machines, but those fundamentally trust each other (like in case of JPMorgan chain), so there's no reason to use a 'trustless distributed blockchain'. You can't set up a miner and join Quorum and make money securing it. In such a case, quorum is probably solved just using standard distributed database algorithms like Paxos or Raft.
- 0xf8 9y agoJPM's Quorum is originally a fork of Ethereum though.
- YuriNiyazov 9y agoSure, but it's permissioned. Not everyone can join and mine.
- russdpale 9y agoHuh? Bitcoin white paper does not have the word block-chain in it.
- prepend 9y agoYet it describes the blockchain. It talks about blocks, it refers to them in a chain. While true that the word block-chain doesn’t exist, it isn’t relevant to OP’s point (since the paper clearly defines the blockchain concept now used so prevelantly).
- borplk 9y agoIt may not have the "blockchain" exactly but it certainly does have blocks and mentions chaining them together.