I think cryptocurrency is a technology and blockchain is a simple data structure unlike what some people say. None of bitcoin important features such as decentralization or immutability is achievable without Proof of Work and block reward. Claiming blockchain as a new technology is PR made sales discourse and worthless. In IT business/tech we have a lot of such PR made terms that are used to fool customers especially 3rd world governments who are willingly ready to buy vanity software and blame themselves for not being able to use it.
Topic: Is Blockchain a new technology or just a method of data storing? - page 2. (Read 590 times)
November 14, 2018, 07:20:32 AM
November 14, 2018, 06:25:05 AM
It is both, Blockchain as a new technology that has created a new way on how to store data permanently in a decentralized way that cannot be falsified and can be monitored by other people. Compared to the traditional method where databases can be changed by clients with permissions Blockchain cannot be altered and what you have inputted is an irreversible data. Another proof that Blockchain is a "new technology" is how the governments' patent offices issues patents to companies with their own proposed version of Blockchain, which you cannot have if what you are trying to patent is not unique in their eyes.
November 14, 2018, 04:59:16 AM
Is Blockchain a new technology or just a method of data storing?
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