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Blockchain: the wave of the future
(lemmy.world)
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this post was submitted on 02 Feb 2024
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Yea the rally against block chain tech is stupid as fuck. It consumes nothing in the grand scale...do people not realize a lot of large enterprises have ~200k nodes give or take? Bigger companies can have in the million range. 200k machines is a joke.
Edit: I can see a lot of people just hate block chain tech without understanding anything tech wise lol
The nodes aren’t the issue. It’s the fact that those nodes have to expend at least the same amount of energy every single time a record is added and the larger the ledger, the more energy is needed. Blockchain is somewhat unique in that regard.
You do understand what a DB is right? Like there's millions of them...hell right now typing out this comment has one marking it. And then you're downloading it to read it... that's a transaction. Except there are millions of people reading comments constantly on all social media platforms.
My comment here has more bits in it than a single transaction.
DBs are not the same as a blockchain. A DB doesn’t have to hash all previous data before it every time the DB is written to. You can read and write to a specific spot in a DB without ever knowing anything else about the DB. With blockchain, inserts have to be successive and they have to reference every previous insert to validate that the entry series is unbroken. On top of that, for things like Bitcoin, every other client also has to validate it since the ledger is shared.
There’s a reason blockchain is significant. Otherwise, why didn’t stuff like Bitcoin exist prior to it? Databases, in some for or another, have existed for decades. Blockchains are immutable, that’s why. The order of entries matters and validation is a requirement.
DBs still update their tables every time someone writes to it. And there are millions of DBs being written to every second. It's absolutely comparable.
We're not comparing millions of DBs to a single blockchain. We're comparing 1 DB to 1 blockchain instance. If you had millions of blockchains, you would use exponentially more energy for the same data vs. a normal database. Updating tables is not the same thing as hashing and validating every prior entry in the table.
There aren't millions of block chains....lol your argument is bullshit.
There doesn’t need to be. My argument is not bullshit, you just don’t understand the differences between blockchain and a standard database and are pretending you do which makes the argument impossible for you to understand.
Lol no I do, you clearly don't have a clue what you're talking about. The amount of DBs we have alone, that's not counting any other compute servers or even WS dwarfs all the block chain out there. This article is a nothing burger and is complete bullshit. Even the study they referenced doesn't know the exact amount...as it points out .6 to 2.2% is their estimated use...but this shit article went with the higher numbers because it's great for people like you who hate any tech that you clearly don't understand.
You don't even understand blockchain so I'm not sure what your edit is all about. You're comparing blockchain to a database in your replies as if they're comparable.
When it comes to power...it absolutely is comparable....but most of you have no clue how much compute we use daily in terms of power. Acting like the block chain sucks down anywhere near the amount of power we use on even in the corporate world is hilarious...you know a lot of colos have their own sub stations right?
The only person here who doesn't know what they're talking about is you. If you took a standard DB (MySQL or Postgres, for example) and took that same information and stored it on a blockchain instead, you'd use far more energy on the blockchain and the issue would only get exponentially worse as the chain got bigger. Normal DBs don't need to hash new entries or validate them against previous entries that are also hashed.
Yes because there are millions and millions of block chains...lol don't fool yourself into knowing what your talking about.
And yes DBs are only one DB no one ever has HA stacks or redundancy built in...lol
Are you dense, man? No one said that. They’re saying that one blockchain would take several hundred DBs to equal its energy use. You’re wrong and doubling down for some reason and it’s just making you look silly.
I said that genius...go check my posts...the fuck you arguing about? I literally said that the amount of DBs we have make the miniscule amount of large block chains out there look like nothing. Then you show up and say one DB isn't comparable to one large fucking blockchain....no shit.
You did not say that. That’s why you got downvoted to hell. Since you can’t be honest, I’m done here.
https://lemmy.world/comment/7226368
Yea totally didn't say that at all.
You didn’t. You said some bullshit about how many nodes there are.
Yea cause that's totally what my linked post says....but sure...you keep up that reading comprehension champ you'll get there one day.
Yeah, that’s why you got downvoted to shit… because it does not say what you’re claiming it does.
Lol ok reading comprehension is hard.
No. Life as you must be, though.
Yeah, people tend hate what they don't understand. Especially when most people think think every blockchain performs exactly like bitcoin (which is proof of work). Bitcoin is slow and power hungry and would never actually be usable by the masses for everyday transactions. But it was the first and will likely be a "digital gold" for a long time
But it's not the only one and in time everyone will be using blockchain technology. It's so much more convenient and useful than most realize. The Solana blockchain has secured a big partnership with Visa that can be read up on if anyone is interested.