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How to determine if you need a block chain: (1) Are you building a fully decentralized global ledger for use by multiple parties that do not share a common bas
by api 8y ago
How to determine if you need a block chain:
(1) Are you building a fully decentralized global ledger for use by multiple parties that do not share a common basis of trust?
If YES: Congratulations! You might need a block chain.
If NO: You do not need a block chain.
There are no more questions. :)
- StavrosK 8y agoExactly, and when there's a use case for a blockchain that isn't "building a trustless currency", I'd love to know, because everything else I've heard would be better suited by a database on a server.
- api 8y agoDecentralized DNS and distributed CAs are possibilities, but those are quite close to a distributed trustless currency in that they apportion a finite resource or assign trust.
- rhindi 8y agoIt started as we wanted to avoid using credit cards and thus having to identify users (the whole point of this new product is 100% privacy). The token will be user to run a TCR-like appstore on the consumer side, and to incentivize people to participate in federated learning developer side.
- StavrosK 8y agoWhy make your own token? Why not use an already-existing currency like Nano or something? (It's a rhetorical question, I know the answer is "because we want to sell our tokens for a shitload of money")