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A global public database is still useful. It allows everyone to easily verify the chain. The only centralized part would be the issuing. Blockchain is complet
by stale2002 9y ago
A global public database is still useful. It allows everyone to easily verify the chain.
The only centralized part would be the issuing.
Blockchain is completely different than a decentralized proof of work algorithm, and I am not sure why everyone always confuses the 2.
- chris_wot 9y agoYes, a global public database would be useful. And you could put it in a Merkel tree. But a blockchain as most people know it includes the nonce that allows for the POW mechanism. If the blockchain was just the transaction ledger, great. But it’s not.