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by robryk
3533 days ago
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This just requires the inability-to-rewind property of the blockchain, doesn't require there to be one centralized log of events and doesn't require protections against flooding with data (if we verify that the DNS records are correct at the point of inserting). This makes a certificate-transparency-like solution just as good and much less complicated (one can arguably call that blockchain, but usually people mean by that things that can support a currency). |
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The difference these days is a protection, via proof-of-work, against just creating a new, valid, chain by editing the old one.
That proof of work, to be translatable into a dollar value, requires a market for the proofs and that's the currency part. (Without that you don't know the true market value of the energy required for the PoW.)