3 ms·
No, because "crypto" is only a subset of "blockchain." Blockchain can be used for a lot more than just digital cash. It can be used for storing immutable logs
by craze3 6y ago
No, because "crypto" is only a subset of "blockchain."
Blockchain can be used for a lot more than just digital cash. It can be used for storing immutable logs of any data/content. That implies endless use-cases.
Yes, transactions can be viewed as contracts, but the mediation is already accounted for by that specific blockchain's consensus algorithm & proposal/dispute resolution system. Most of the good smart contract blockchains already have systems in place for all this.
- jkhdigital 6y agoYou've got it backwards, "crypto" is cryptography which is where all of this comes from. "Blockchain" is just a clever combination of ECDSA, Merkle trees and partial hash inversion that has proven useful to implement decentralized digital cash. I think we would be better served by looking at existing real-world problems with fresh eyes to see if cryptography can provide unique solutions, rather than taking one particular protocol template and assuming it can be used for almost anything.
- tromp 6y ago> "crypto" is cryptography It ought to be, and it used to be, but unfortunately it's been hijacked by the cryptocurrency community to such an extent that it's become increasingly ambiguous. > ECDSA or, preferrably, Schnorr signatures. > partial hash inversion There's more to mining than hashing [1]. [1] https://cryptorials.io/beyond-hashcash-proof-work-theres-mining-hashing/ https://cryptorials.io/beyond-hashcash-proof-work-theres-min...