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None. Suffer. (lemmy.world)
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[-] hddsx@lemmy.ca 51 points 4 days ago

What problem does blockchain solve?

[-] magnetosphere@fedia.io 25 points 4 days ago

Apparently, it can be very secure. If “pieces” of a secure key are stored in multiple places, for example, only changing one link in the “chain” means it won’t match with the others. They ALL have to be changed at the same time, which is virtually impossible to do in secret.

Please note that I am far from an expert on the subject. I’m paraphrasing an article I read months ago.

[-] hddsx@lemmy.ca 22 points 4 days ago

Can’t you takeover a blockchain by owning the majority of a block chain, or by having a majority of the processing power to compute hashes?

[-] magnetosphere@fedia.io 4 points 4 days ago

Those things sound possible, but I’m not knowledgeable enough to speculate. Sorry.

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this post was submitted on 13 Nov 2024
962 points (98.1% liked)

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