Comment on Is the blockchain an interesting innovation, aside from cryptocurrencies ?

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manitcor@lemmy.intai.tech ⁨11⁩ ⁨months⁩ ago

Forward signed, immutable ledger - a dataset that is written and logged at time of write and validated using cryptographic signatures of the creator of that data and the node of the network responsible for the data. public systems use incentive systems to ensure unbiased writes, private systems work more like your typical app server.

neutral consensus - this is the p2p aspect, this is a bunch of unrelated actors promising to work toward an unrelated goal, in public systems this is done via some form of game theory, in private systems orgs working together have contract law and are more interested in the the controlled writing.

How it can take a lot of forms. Most people are just familiar with what the general public refers to as cryptocurrency. These are ledgers managed on p2p networks with the aforementioned game theory based consensus system. However ledgers are not required to do this, a ledger and even a blockchain can work without fees or even energy wasting miners, in these cases its usually the cryptographic write and channel messaging they want (some of these are a step up from AWS’s messaging stack).

Ledgers like this are used in many ways and used in large orgs around the world, what the public is angry at and what the technology is are very different things.

I hope I have “unsaladed things” for you

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