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A blockchain is "just" a fancy hash chain, or a hash chain with rules. Take your pick. Blockchains provide a cryptographic ordering of events, or cryptographic
by barsonme 5y ago
A blockchain is "just" a fancy hash chain, or a hash chain with rules. Take your pick.
Blockchains provide a cryptographic ordering of events, or cryptographically agreed upon state, which is a useful property. It's certainly not as world-changing as a lot of blockchain-enthusiast-cryptocurrency-bros think, but it's not "only useful for censorship-resistant money."
Which is why I think it's a shame that blockchain has become synonymous with proof of work cryptocurrency scams.