Comment on Please Stop
Rustmilian@lemmy.world 8 months agoThat highly depends on what blockchain implementation is being used and what it’s being used for. Blockchains used for craptocurrency is highly inefficient, which is the vast majority. But their are a small handful of specialized blockchains that are just efficient enough to be practical.
calcopiritus@lemmy.world 8 months ago
Such as?
Rustmilian@lemmy.world 8 months ago
Walmarts proprietary food tracking blockchain.
magic_lobster_party@kbin.run 8 months ago
Hyperledger is just git but with fancy buzzwords. It’s like taking everything that makes blockchain, and then remove everything that makes blockchain special. All you have left is another centralized system.
It’s just IBM’s excuse to stay relevant.
Rustmilian@lemmy.world 8 months ago
That’s an incredibly wrong oversimplification.
Git doesn’t have any consensus mechanisms, chaincode execution or ledger, is just a history tracker & manipulator. Neither Git or Hyperledger fabric are centralized, they’re both distributed.
Just because it’s used for specialized tasks and distributed only within a select few instead of being a big inefficient permissionless PoW/PoS craptocurrency blockchain doesn’t make it any less of a blockchain with smartcontacts and works.
Pizza_Rat@lemmy.world 8 months ago
How is that better than a database? Is someone concerned that Walmart will fabricate supply chain tracking?
Rustmilian@lemmy.world 8 months ago
There prior database lacked transparency & real-time tracking making tracing take days.