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>If you want to store data publicly and tamperproof for a long time, the Bitcoin blockchain is by far the best solution. // Don't you get 80 bytes per transact
by pbhjpbhj 2y ago
>If you want to store data publicly and tamperproof for a long time, the Bitcoin blockchain is by far the best solution. //
Don't you get 80 bytes per transaction? That seems like about $7M per GB... maybe storing hashes is reasonable but storing data actually on the bitcoin blockchain itself doesn't seem great?
- ArtTimeInvestor 2y agoHashes are a good example of a very small amount of data that is very powerful. By storing a single hash, you can notarize an infinite amount of documents. Another very powerful type of data is transaction settlements. With a single onchain transaction, an infinite amount of second layer transactions can be settled.