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Blockchain is just a slow database. What you want is a peer to peer system which actually has peers instead of a couple super nodes and ephemeral drive-by clien
by baq 3y ago
Blockchain is just a slow database. What you want is a peer to peer system which actually has peers instead of a couple super nodes and ephemeral drive-by clients.
- fidelramos 3y ago"Just" a slow database that allows coordinated writes in a decentralized way, effectively solving the Byzantine Generals problem. That's what made Bitcoin a novel idea.
- TheNewAndy 3y agoHow does it solve the Byzantine generals problem?
- fidelramos 3y agoBy proof-of-work consensus. This makes attacks costly, basically they have to spend more resources than half the network, hence the name "51% attack". The Bitcoin whitepaper [0] is a very accesible read, but the revolutionary ideas are not immediately obvious. [0] https://www.bitcoin.com/bitcoin.pdf https://www.bitcoin.com/bitcoin.pdf