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How is a private blockchain functionally different from the average database?
by pphysch 8y ago
How is a private blockchain functionally different from the average database?
- TylerE 8y agoIBM can charge 8-figure consulting fees instead of 7.
- abtinf 8y agoThe database is distributed among independent nodes. Each participant has their own copy of the immutable ledger and world state. Entries are cryptographically signed. All interactions run through smart contracts (you can’t just insert/update). You can form channels to engage in private transactions between a subset of the network, without divulging the existence of the transaction to the full network.