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As a distributed ledger, that does not require a consolidated authority, it has the potential to have many uses. Many think blockchain as a synonym for BitCoin
by kumarvvr 6y ago
As a distributed ledger, that does not require a consolidated authority, it has the potential to have many uses.
Many think blockchain as a synonym for BitCoin and the like, while the central technology seems to be the distributed ledger.
However, with anything distributed, the network is only as good as it's participants. Which means, when thinking long term, it fails to give confidence in the system, because who knows, 20 years from now, will there by any participants in the distributed ledger?