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by runeks
3147 days ago
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Where does the blockchain come in? As long as you have a signature from the central authority over two conflicting transactions, you can prove it has defrauded you. Blockchains specifically solve decentralized consensus. It’s expensive and slow compared to using a central authority, but the advantage is that the system doesn’t suffer from a central point of failure. |
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Wrong. Blockchains specifically timestamp documents. Consensus is a different problem and blockchains don't even touch that.