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With bitcoin, because the participants aren't identified and there isn't any form of traditional trust established between them, there are certain actors in the
by canoebuilder 9y ago
With bitcoin, because the participants aren't identified and there isn't any form of traditional trust established between them, there are certain actors in the system that are paid a lot to manage the transactions/blockchain.
In your example of multiple companies coordinating on a single blockchain, who would be paid to manage it?
- DennisP 9y agoIt's way cheaper than on Bitcoin because there's no PoW. Each participant would pay to run their own servers that connect to it.