This is Bruce Schneier's favorite explanation of the blockchain: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ http://www.michaelni

This is Bruce Schneier's favorite explanation of the blockchain: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-a... Comparing it to a "traditional DHT" is like kind of like comparing SQL and NoSQL. This is a good start on why that doesn't work: http://codahale.com/you-cant-sacrifice-partition-tolerance/ http://codahale.com/you-cant-sacrifice-partition-tolerance/