Topic: [2016-07-23] medium.com] A Tale Of Two Chains (Read 293 times)
Nice post. It is properly described as is. I like it.
A Tale Of Two Chains
Blockchain is not just a huge pile of data created by miners and users. It’s also not just the specification describing valid state transitions and a genesis block describing initial state. What makes a blockchain valuable is human consensus, a widely held belief that creating machine consensus according to a certain set of rules is useful. In addition to an exactly specified genesis block, chains are also born with a set of ideas attached to them. Each user can have their own ideas about why the chain might be valuable and how valuable it is.............
https://medium.com/@zsfelfoldi/a-tale-of-two-chains-3f6d58a9df4a#.93kbehsll
Blockchain is not just a huge pile of data created by miners and users. It’s also not just the specification describing valid state transitions and a genesis block describing initial state. What makes a blockchain valuable is human consensus, a widely held belief that creating machine consensus according to a certain set of rules is useful. In addition to an exactly specified genesis block, chains are also born with a set of ideas attached to them. Each user can have their own ideas about why the chain might be valuable and how valuable it is.............
https://medium.com/@zsfelfoldi/a-tale-of-two-chains-3f6d58a9df4a#.93kbehsll
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