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Wasn't there an article recently, that basically revealed that "from their browser/device" basically means just using the API to access the blockchain? So you'r
by tomp 5y ago
Wasn't there an article recently, that basically revealed that "from their browser/device" basically means just using the API to access the blockchain? So you're still using "a bank", just that the bank is the API provider. A bit more modern, but not a game changer.
- kkjjkgjjgg 5y agoThat was perhaps about Ethereum, whose Blockchain seems to be so unwieldy that one very few companies manage to process it directly, and everybody else uses their API.
- CryptoPunk 5y agoEthereum's blockchain is not at all unwieldy - there are 5,000+ nodes. Most companies rely on hosted nodes across the entire crypto space, not just within the Ethereum one. That has more to do with wanting a highly-reliable node provider with a low likelihood of experiencing down time, for business critical applications, than running a node being difficult.
- kkjjkgjjgg 5y agoIt's just what had been said in those recent posts about HN on Ethereum, I think by Moxie or the reply to him be Mike Hearn. I've heard it before that the Ethereum Blockchain is difficult to process, so I assumed it is still the case.
- CryptoPunk 5y agoMetaMask allows a user to use any Ethereum node as their API endpoint, and by default uses a professional node provider, Infura, since most users don't run their own node. But there is no lock-in with or substantial dependence on Infura, because the private keys to your assets are stored on your own computer, or hardware wallet. The data Infura provides is public, and any node, including your own, can provide it.