/biz/ - Business & Finance

>>49720362
Now listen because I'm only doing to explain this once.
Consider the following query:
UPDATE TABLE accounts WHERE number=123456789 SET balance=0;
The problem with that query is that it destroys the prior information about the balance of account #123456789.
That's all fine and dandy until you run into the situation where this query was not supposed to happen: bug, human error, hacking, whatever.
Because once this query is done, there is no way to to prove that account #123456789 ever had a non-zero balance.
So this is why the blockchain(*) is interesting, because it can give you STATE PROOFS. All it takes is taking a hash of the table or some rows, and submitting a blockchain transaction.
Also it logically follows, that the more fine-grained a state proof is, the more useful it is.
(E.g. a state proof generated for each transaction is more useful than a state proof generated once per hour and so on.)
And the only blockchain (*) which can provide a large number of state proofs affordably is Hedera.

(*) Yes, I know Hedera is a hashgraph, not a blockchain, fuck off.