this post was submitted on 31 May 2024
117 points (94.0% liked)
Technology
59627 readers
2911 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is one place where blockchain is actually useful. No one entity is responsible for the integrity of the "ledger". Of course it wouldn't be publicly writable so not exactly like the blockchains you normally think of.
I can't see how the blockchain would be particularly useful here either. The security features of the blockchain come at the cost of extreme energy usage. Storing documents using simple public-private key cryptography is waaaay more than enough imo.
You don't have to "mine blocks" to have a blockchain. It's just a continual list of transactions that can't be modified after the fact. So a hacker couldn't wipe out your existence from the chain without controlling the majority of the participants (in a consensus algorithm). Not saying it's an ideal use-case but highlighting that feature. There are many ways to avoid "data wipe" attacks.
So they are immutable basically.