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by meowface
1857 days ago
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Right. The "value" / perceived value won't be permanent (and may be very subjective and disputed from the start), but in terms of long-term data integrity and availability, blockchains can be useful. An NFT ownership transfer that occurred in 2020 on some blockchain may not be considered too valuable in a hypothetical 2040 world where almost no one is using that (or perhaps any) blockchain anymore, but you can likely at least retrieve that record and be pretty sure the data is accurate and wasn't tampered with. So a (at-one-point reasonably popular) blockchain or protocol forking or falling out of use won't actually result in that data being lost to time. You'd probably need a major worldwide catastrophe for there to be a significant risk of that. |
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You will have no way to tell if this data came from the legitimate Ethereum blockchain that was in use in 2021, a forked chain, or even a completely fake one which has zero blocks in common with the real one.
The authenticity guarantee in blockchains doesn't come from cryptographic schemes, it comes from the network agreeing on some shared truth. If the network is no more, you have no way to tell the truth.