Blockchains, at their core, are simply distributed lists of records, each linked to the previous one․ While they’ve become synonymous with cryptocurrencies, it’s crucial to understand if you actually need one for your specific application․
Table of contents
Blockchains Without Tokens
Blockchains can exist perfectly well without tokens․ The primary purpose of mining (and the associated crypto tokens) is to create a mechanism that makes it difficult and costly to tamper with the blockchain’s history, especially in a public, decentralized environment․
When Tokens Aren’t Necessary
If you control the entire blockchain, such as within a company or on a private server, you may not need tokens․ Alternative methods for controlling access and ensuring data integrity can be implemented․
The True Purpose of Tokens
Tokens incentivize individuals to perform the computationally intensive task of mining, which secures the blockchain․ Without this incentive, maintaining a public, decentralized blockchain becomes challenging․
Alternatives to Mining
There are other ways to add a difficulty to adding items to the chain or you may not care about that difficulty․
Cryptocurrency
Cryptocurrency is not a good technical solution to any problem that we have today․ It has been a useful solution to social and legal problems․
сегодня
