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It's interesting how many problems the blockchain data structure solves for distributed systems. Bitcoin uses (and invented) the blockchain as a way to solve t
by jamoes 13y ago
It's interesting how many problems the blockchain data structure solves for distributed systems.
Bitcoin uses (and invented) the blockchain as a way to solve the double-spend problem of distributed e-cash systems. But the fact that the blockchain solves the consensus problem without any trust makes it a compelling data structure for many other use-cases as well.
Even if bitcoin fails as a currency, academics will be referencing Satoshi Nakamoto's paper [1] for a long time to come.
[1] http://bitcoin.org/bitcoin.pdf http://bitcoin.org/bitcoin.pdf