Blockchain is just an incredibly inefficient distributed database.
Agreed. Most of the time a traditional database is far cheaper and better performing.
The key innovation of blockchain is that write access is algorithmic, not centrally controlled. This feature is not possible with any other technology.
Agreed. Most of the time a traditional database is far cheaper and better performing.
The key innovation of blockchain is that write access is algorithmic, not centrally controlled. This feature is not possible with any other technology.
What feature is that?
write access is algorithmic, not centrally controlled.
So, it’s a distributed system, big deal?