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by zaarn
3113 days ago
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I have to agree with GP here. >but on Bitcoin's use of similar technology to make a distributed ledger. That doesn't really change a thing. Bitcoin merely uses a blockchain to ensure consensus, if all nodes are trusted then you don't need proof of work and you can switch to simply linking the list (see Git or Ethereum Testnets), and the contents of the blockchain are mostly irrelevant too (you can put anything on there, transactions are merely one type of thing you put in there) At it's most basic, a blockchain is just a directed graph of nodes where a cryptographic method links two nodes together in a child-parent relationship. Everything else is just added fluff for the specific usecase. |
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Under your definition, every CBC mode stream cipher could be called a blockchain, which just makes the term meaningless. It was coined for a specific purpose: to describe how Bitcoin and related cryptocurrencies operate at a technical level, especially how they guarantee integrity and prevent double-spending.