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Thank you for this. For the longest time, I actually thought the blockchain was powered by git, or at least the DAG and associated tech concepts. But I assumed
by natecavanaugh 9y ago
Thank you for this. For the longest time, I actually thought the blockchain was powered by git, or at least the DAG and associated tech concepts.
But I assumed that because it's not too far off, but it is a critical difference.
Out of curiosity, I wonder if there's a reason why it's not just built on top of git? Is there an inherent incompatibility between the two, or some sort of benefit to forgoing using existing tech?
- QML 9y agoWhile similar in structure, they have different objectives: Git is for version control of files; blockchain is for maintaining balances. In addition, the protocol of blockchain is way more complex than the one for Git; you have concepts like proof of work and economic problems like double spend that have to be dealt with.
- natecavanaugh 9y agoThank you again. I forgot about the priorities, especially with how the financial industry has a lot of different needs, such as transactional reliability, whereas there are parts of git that are very fuzzy in different areas because file comparison isn't as binary as a financial transaction or have as many repercussions if off slightly.