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Blockstack engineer here. Regarding financials, I invite you to read our SEC offering circular for details on the source of the money: https://www.sec.gov/Arch
by jude- 7y ago
Blockstack engineer here.
Regarding financials, I invite you to read our SEC offering circular for details on the source of the money: https://www.sec.gov/Archives/edgar/data/1719379/000110465919020748/a18-15736_1partiiandiii.htm https://www.sec.gov/Archives/edgar/data/1719379/000110465919...
> None of these apps need a blockchain. None of these apps gain any benefit from a blockchain.
The blockchain serves as a "shared source of truth" for everyone's name/public-key/storage-URL bindings. So as long as you trust that the blockchain doesn't get re-orged, you may assume that your Blockstack node will independently calculate the same such bindings as everyone else's node.
All other application activity (rightfully) happens off-chain, via commodity Web infrastructure.
EDIT: typo
- Walterion 7y agoThanks Jude for helping out ;)