Hacker News new | ask | show | jobs
by NicoJuicy 1824 days ago
That's not true.

Blockchain tech is unrelated to bitcoins/crypto's.

Just like Stackoverflow doesn't correlate with the value of the .Net framework or HN doesn't correlate with the value of the ARC programming language ( since it's build on that tech)

It's an example of the tech, but the value of blockchain does not have a correlation with any of the 8000 implementations as crypto.

Additionally, the implementation of El Salvador uses Lightning network and since that obfuscates transactions off-chain to a centralized authority. It's not what i'd call blockchain anymore.
1 comments
southerntofu 1824 days ago
> Blockchain tech is unrelated to bitcoins

Yes and no. The latter is built from the former. But the former is ensured to build wasteful tech. I explain the difference between consensus and gossip in an article about decentralized forging, if you're interested:

https://staticadventures.netlib.re/blog/decentralized-forge/

link
NicoJuicy 1823 days ago
I don't think decentralized tech ( = blockchain) applies to Bitcoin anymore in El Salvador.

Eg. With the lightning network

link