No no ANY possible application using blockchain tech HAS to be bad.
Comment on Please Stop
AVincentInSpace@pawb.social 7 months ago
Ok but the Fossil version control system (which uses a mini-blockchain to store software version history) is pretty cool
nexguy@lemmy.world 7 months ago
Pizza_Rat@lemmy.world 7 months ago
Can you name another technology that has such a high hype to delivered value ratio?
nexguy@lemmy.world 7 months ago
Triple A games VR goggles Bose Speakers 3D movies in theaters Fidget spinners Russian Military Blue Origin Rockets
nexguy@lemmy.world 7 months ago
Just wanted to point out real world application for blockchain currently in use. IBM Blockchain is used by Cigna Healthcare, HSBC, Kroger…etc. It’s all extremely boring stuff so no one ever talks about it.
zaphod@lemmy.ca 7 months ago
Did you seriously not read the conclusion?
(Emphasis mine)
magic_lobster_party@kbin.run 7 months ago
To expand further, a blockchain requires some kind of distributed consensus. If you have two versions of the same blockchain, there must be a way to figure out which one of these is the one everybody else is following. In Bitcoin this is achieved with proof of work (i.e the version of the chain that has wasted most electricity).
If you don’t have distributed consensus, then you just have a git repo.