Topic: Blockchain without Bitcoin, need insight (Read 165 times)
yeah, possible since they're two different platform/aspect.
I think that there's no need to separate blockchain from BTC. I see no reason for this.
We know that blockchain can be used for many things, for instance identity verification. Does it really matter if BTC is using the same system or not? Does it matter if BTC is being widely adopted and used or if it remains the money of the Internet and never really goes mainstream? The way I see this is Blockchain is the truck that can be loaded with various cargo. BTC is just a box that is occupying some space, but there's plenty more for other stuff that you might want to transport.
We know that blockchain can be used for many things, for instance identity verification. Does it really matter if BTC is using the same system or not? Does it matter if BTC is being widely adopted and used or if it remains the money of the Internet and never really goes mainstream? The way I see this is Blockchain is the truck that can be loaded with various cargo. BTC is just a box that is occupying some space, but there's plenty more for other stuff that you might want to transport.
Yep, this is also my view at the beginning. But it after I dug deeper, it seems that blockchain meant to be open and decentralize in nature. And the only way we can achieve this is by put coins inside that box, to incentivize participants who generate these blocks.
Of course that you can separate those two. Blockchain can help some companies that are working with others by having their unique "database" and this is something hyperledger is trying to build with IBM, CISCO and others. It have use-cases as private blockchain of course. You can look at it like the decentralized database, thing how it is done now is that every single company hold their records and they have to be aligned with one another for their system to work.
Yeah, but is this blockchain necessary? Like he said, "there is tendency to try to apply blockchain to everything where a replicated relational database would work."
https://www.youtube.com/watch?v=5ODDCx6VL2Y&t=496s
Thanks guys for the reply, much appreciated
Of course that you can separate those two. Blockchain can help some companies that are working with others by having their unique "database" and this is something hyperledger is trying to build with IBM, CISCO and others. It have use-cases as private blockchain of course. You can look at it like the decentralized database, thing how it is done now is that every single company hold their records and they have to be aligned with one another for their system to work.
Thing is however that you can't really say bitcoin is bitcoin and blockchain is blockchain and separate the 2. Media and other sources are trting to talk about the revolutionary tech - blockchain and tell that BTC has no other value. So we have yet to see if blockchain is just advertised to the bussiness world as great solution for every thing so that companies that offer to host your PRIVATE BLOCKCHAIN FOR YOU, get the more money out of it.
Thing is however that you can't really say bitcoin is bitcoin and blockchain is blockchain and separate the 2. Media and other sources are trting to talk about the revolutionary tech - blockchain and tell that BTC has no other value. So we have yet to see if blockchain is just advertised to the bussiness world as great solution for every thing so that companies that offer to host your PRIVATE BLOCKCHAIN FOR YOU, get the more money out of it.
I think that there's no need to separate blockchain from BTC. I see no reason for this.
We know that blockchain can be used for many things, for instance identity verification. Does it really matter if BTC is using the same system or not? Does it matter if BTC is being widely adopted and used or if it remains the money of the Internet and never really goes mainstream? The way I see this is Blockchain is the truck that can be loaded with various cargo. BTC is just a box that is occupying some space, but there's plenty more for other stuff that you might want to transport.
We know that blockchain can be used for many things, for instance identity verification. Does it really matter if BTC is using the same system or not? Does it matter if BTC is being widely adopted and used or if it remains the money of the Internet and never really goes mainstream? The way I see this is Blockchain is the truck that can be loaded with various cargo. BTC is just a box that is occupying some space, but there's plenty more for other stuff that you might want to transport.
Do you think blockchain without bitcoin (or cryptocurrencies) will stand a chance?
Antonopoulos several times mentioned that blockchain cannot be separated from consensus algorithm (i.e. proof-of-work, open, trustless and decentralization).
Blockchain or Bitcoin
https://www.youtube.com/watch?v=mRQs9Y6CUSU
POW vs POS vs DPOS
https://www.youtube.com/watch?v=ba0XYlae7D4
https://www.youtube.com/watch?v=3W_3AQrQEOM
I'm having a difficult time to comprehend why so many consulting agencies doing research about closed/private blockchain to use it on health, transportation, supply chain, etc. Without proof-of-work, open, trustless and decentralization; blockchain simply can be substitute with database. Database is simple, fast, and efficient. It's also still vague on how closed blockchain will implement its consensus algorithm.
What do you think? Do blockchain only applicable for cryptocurrencies and tokenomy concept?
Antonopoulos several times mentioned that blockchain cannot be separated from consensus algorithm (i.e. proof-of-work, open, trustless and decentralization).
Blockchain or Bitcoin
https://www.youtube.com/watch?v=mRQs9Y6CUSU
POW vs POS vs DPOS
https://www.youtube.com/watch?v=ba0XYlae7D4
https://www.youtube.com/watch?v=3W_3AQrQEOM
I'm having a difficult time to comprehend why so many consulting agencies doing research about closed/private blockchain to use it on health, transportation, supply chain, etc. Without proof-of-work, open, trustless and decentralization; blockchain simply can be substitute with database. Database is simple, fast, and efficient. It's also still vague on how closed blockchain will implement its consensus algorithm.
What do you think? Do blockchain only applicable for cryptocurrencies and tokenomy concept?
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