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

magic_lobster_party@kbin.social ⁨1⁩ ⁨year⁩ ago

Hyperledger is a private “blockchain”. I write blockchain in quotes because it’s not really a blockchain. There’s not really a distributed consensus in a private “blockchain”. It’s like taking the concept blockchain, and strips not only down the bad parts but also all the good parts.

Sure, there are multiple actors signing each entry, but who has elected these actors? A central authority of course!

It’s decentralised in the same way a git repo is decentralised. Mostly because Hyperledger is basically a git repo.

Most of the times when a company says they’re using blockchain, they’re either:

using a private “blockchain”, which is not really a blockchain.
not actually using blockchain, but say they do for marketing reasons.
a Ponzi scheme.

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Restaldt@lemmy.world ⁨1⁩ ⁨year⁩ ago
A private blockchain is no more than a spicy linked list

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manitcor@lemmy.intai.tech ⁨1⁩ ⁨year⁩ ago
I think we are grasping for new words here really, its only been in the last few years orgs have been exploring actual deployments internally.

I do have a very reductive definition of “blockchain” as I believe it is what it says. what is considered “satoshi’s vision” includes a blockchain system but it does not define the word.

HL is a blank canvas that allows you to deploy whatever consensus you want including those commonly found in public chains, it is entirely possible to run a hyperledger instance that is compatible with any network you would like, presuming you would want that effort.

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