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CrazyEyeJoe  ·  1538 days ago  ·  link  ·    ·  parent  ·  post: Blockchain, the amazing solution for almost nothing

Thanks, that clarifies it quite a bit.

If I understand correctly; apart from my guess that the blockchain might be kept in parts by different users (turns out the whole block chain must be stored by each user), the only thing I had fundamentally misunderstood is that the calculation cost goes up for every transaction. It does not, since you only use the latest hash to calculate the next one (plus all the new data, obviously).

Pretty funny, since that was pretty much the only one that mattered for the point I wanted to make (blockchains being power inefficient).