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This article is a clever strawman. Their technical definition of blockchain is accurate, but there is one detail missing which changes everything. Most "blockc
by Nuzzerino 8y ago
This article is a clever strawman. Their technical definition of blockchain is accurate, but there is one detail missing which changes everything. Most "blockchain solutions" use smart contracts, which make heavy use of data validation.
So I'd review that checklist again, but this time without the need for all parties to trust each other. Yeah, that's a pretty significant difference.
It's easy to find valid arguments to support the idea that blockchains are overhyped. But I get the impression that the author's understanding of the subject is outdated. Did the author even bother to do any research on why there was a bubble? It would not have taken more than minutes to stumble across the definition of a smart contract.
As they say in cryptoland, this is just FUD.