The Missing #blockchain User Guide
▻https://hackernoon.com/the-missing-blockchain-user-guide-1b5f53ab69e0?source=rss----3a8144eabfe
It would have cost $78,887.25 to store just 3 x 1 MB pictures on the Ethereum blockchain recently..The key lesson from Satoshi Nakamoto, the anonymous creator of Bitcoin, is how an incentive system can be designed which can motivate various participants to work in a mutually beneficial way. Blockchain is a building block for such game theory-driven systems, however, it does not have universal applicability and needs to be used only as a state transfer machine or where full transparency is needed. This post dives deep into debunking the “magic” of blockchain, and puts it forward as an extension of time-series databases, as a way to manage and maintain trust.IntroductionI am Prometheus. I am anonymous, so what I am saying must be magical ? :)Well, heck no. I am just one of the thousands of (...)
#missing-blockchain #blockchain-recap #airbnb-on-a-blockchain #blockchain-user-guide