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Enforcement and source of truth are separate entities/problems. The blockchain can be the source of truth, but that truth might not be enforced. The differenc
by arberx 5y ago
Enforcement and source of truth are separate entities/problems.
The blockchain can be the source of truth, but that truth might not be enforced.
The difference between it, and a centrally controlled entity is the truth cannot be altered (at least in an easy way) on a blockchain.
- hannasanarion 5y agoFirst of all, blockchain isn't the only technology that prevents alteration. any regular database can be run in append-only mode and can be published. The only difference between blockchain and any other database in append-only mode is that there is no access controls or identity verification on the blockchain, so fraud is way easier (and that's why over $1 billion in crypto is stolen every year)
- arberx 5y ago"no access controls" -- trustless. Pretty big difference.