Re: Legacy systems vs blockchains - what is the spec impact?

>  de-constructed payment event

what you call "legacy" is a centrally operated device or set of
devices that uses "perimeter security" to control access to it. A lot
of verbiage has been written about the engineering details of the
Satoshi block chain system and its "mining" game, but one can consider
a block chain system to be a perimeter-based system by considering the
cryptographic aspects as creating the perimeter, which thought
experiment then produces an interface abstraction that is the same:
There are only so many kinds of entries one makes in a ledger,
regardless of if that ledger is a distributed block chain, a main
frame, a spined paper book, or a heap of fired clay chits with
pictographs.

Received on Thursday, 23 October 2014 15:45:46 UTC