4 ms·

If grandma loses her private key, or dies without sharing her key's passcode, what happens to her property? If the county has a mechanism to fix that anyway, h

• TchoBeer 5y ago
  Because it can handle transactions without having to consult the centrally run database and is less likely to be down
  • leifg 5y ago
    Why is uptime such an important issue? It’s not like you want to sell high value properties 1000 times a second.
  • acdha 5y ago
    Do you really think the entire country runs on an old copy of Microsoft Access? Databases are routinely replicated and in this case there’s a natural partitioning scheme: your transaction is recorded by your local clerk and replicated to state mirrors. Since updates only happen in one place, each node only needs write capacity to handle local traffic – a huge advantage over a blockchain – and read replicas are trivial. Put another way, the banking system handles orders of magnitude more traffic with far fewer resources than a blockchain. There’s no reason to think people are suddenly going to start making real estate transactions at a significantly greater volume than credit card transactions.