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Hmm. I'm not sure I fully understand the question. Anyone who wants a country's assets and budget spending to be transparent would be free to run a node. And
by Suncho 9y ago
Hmm. I'm not sure I fully understand the question. Anyone who wants a country's assets and budget spending to be transparent would be free to run a node. And there's nothing about a traditional distributed database that prevents it from using hash pointers to ensure that the history cannot be tampered with. That's not a special feature of blockchain.
The question is: how do you get a country to record all its transactions in a public ledger? Once you've figured that out, the technology to use for it probably isn't blockchain.
Most of the work that goes into running a Bitcoin node is actually just for burning electricity to find the next block. No real work is being done in proof-of-work.
- arisAlexis 9y agoThe point is that this would work if we lived in Utopia. Since we don't then running nodes needs some incentive because electricity costs money and that's where the difference lies and why cryptocurrencies exist.