Why does this article feels like it unnecessarily slapped the word 'blockchain' on things that don't use it? Not sure about the others but I don't remember MeWe claiming using blockchain on their encrypted chat app. This is probably written with SEO in mind. It seems like 'blockchain' in the buzzword of today. I remember in the 80s and 90s where people put "digital" on stuff.
The blockchain is a distributed append-only database. Once data get stored in the blockchain, nobody can delete the information. If the information is an identifiable personal data then it will violate privacy legislation in many countries, for instance, the "right to be forgotten" principle en.wikipedia.org - Right to be forgotten - Wikipedia
Andre Amorim Not exactly. If a single entity controls 51% of a blockchain, it can rewrite blocks. The more it controls, the easier it is to rewrite them. Blockchains only work when there are a lot of miners via for the next block.
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Why does this article feels like it unnecessarily slapped the word 'blockchain' on things that don't use it? Not sure about the others but I don't remember MeWe claiming using blockchain on their encrypted chat app. This is probably written with SEO in mind. It seems like 'blockchain' in the buzzword of today. I remember in the 80s and 90s where people put "digital" on stuff.
ReplyDeleteSeems so :/
ReplyDeleteHalfey Halphstein So, "blockchain" has replaced "cloud"? Interesting.
ReplyDeleteWait. What about an iBlockchain inside of the iCloud in top of iWeb 3.0 XP Millennium?!
ReplyDeleteMeWe has a blockchain? Didn't notice.
ReplyDeleteShawn H Corey I'm waiting for blockcloud.
ReplyDeleteI will not use any network based on blockchain-cryptoterrorism that burns more energy than a solar flare and kills our environment.
ReplyDeleteAnd there go even more candidates to switch for...
ReplyDeletestefan holzhauer You know nothing of blockchains then. And nothing of solar flares.
ReplyDeleteBlockchain based social media networks use prove of stake or prove of brain and not the energy consuming prove of work.
And even the prove of work blockchains have learned from bitcoins mistake and lowered there requirements on how much work must be done.
And one typical solar flare produces in the few days as much energy as the human race in a year.
Martin Krischik Nah. A typical solar flare produces more energy than humans use in a century. Those suckers are BIG.
ReplyDeleteShawn H Corey a large solar flare does. Note that the difference between typical and large is factor 1000.
ReplyDeleteThe blockchain is a distributed append-only database. Once data get stored in the blockchain, nobody can delete the information. If the information is an identifiable personal data then it will violate privacy legislation in many countries, for instance, the "right to be forgotten" principle en.wikipedia.org - Right to be forgotten - Wikipedia
ReplyDeleteAndre Amorim Not exactly. If a single entity controls 51% of a blockchain, it can rewrite blocks. The more it controls, the easier it is to rewrite them. Blockchains only work when there are a lot of miners via for the next block.
ReplyDeletetrue Shawn H Corey , thanks for reminds me about 51% youtube.com - Gilfoyle 51% attack - Silicon Valley S5
ReplyDelete