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PoW/PoS are just consensus mechanisms. Otherwise I agree that a blockchain is a Merkle tree with a (distributed) consensus mechanism. I'd tend to say that only
by SAI_Peregrinus 5y ago
PoW/PoS are just consensus mechanisms. Otherwise I agree that a blockchain is a Merkle tree with a (distributed) consensus mechanism. I'd tend to say that only distributed consensus mechanisms count as blockchains (and thus "permissioned" blockchains aren't true blockchains), but that's nitpicking.