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This seems to be a popular opinion amongst a lot of ethereum developers I have met. I definitely don’t have as much experience in the field so honest question h
by luckycharms810 8y ago
This seems to be a popular opinion amongst a lot of ethereum developers I have met. I definitely don’t have as much experience in the field so honest question here. If a permissioned blockchain has nodes running across multiple organizations and third party auditing institutions, can that not solve real world problems?
- wslh 8y agoGood question. There are more than one argument but I will use the security one: in a public blockchain, the blockchain is the truth and if a transaction happens it is immutable under certain assumptions. The connection between a public blockchain and the real world is through oracles which are the weakest chain since no matter the blockchain security it could trigger transactions beyond it. Now, what happens in a private blockchain? In this context there are a lot of outside the blockhain organizational systems that if they are being attacked all the blockchain security does not matter.