Jul 10, 2017 · 1 min read
It makes no sense talking about “the blockchain”, as if “blockchain” comes with a built-in security . You have to specify which blockchain and what security model because they all vary. So far Bitcoin is the only one that has been tested thoroughly and bestood the test.
Ethereum is on the rise, as you say, but with more use also comes more problems. Ethereum has also scaling problems, something the recent ICOs have demonstrated clearly.
The bottom line is that you cannot separate “blockchain” from the consensus and security model. “Blockchain” as a storage model is probably the least interesting thing with this new technology. It is the consensus and security model (Nakamoto Consensus) that is the key innovation behind Bitcoin.
