The Block chain could be an Occam razor, the most effective, direct and natural way to coordinate all human activity and machinery; it is an effective natural process. “
If you have not analyzed the principles of the block chain operation and have only heard opinions about this technology, then you will probably have the impression that it is a sort of distributed computer, realizing distributed computing.
The Block chain is eternal. All that is recorded there will remain forever
With the Decentralized Autonomous Organizations, there could be several new interesting types of emerging and complex behaviors similar to artificial intelligence. “
As a result: Each high-quality Bit coin network client stores the complete transaction history, and this record has already reached 100 GB. This corresponds to the full capacity of inexpensive laptop storage or the most advanced Smartphone. . The more transactions that develop on the Bit coin lottoland network, the bigger the size, the most important being this year.
Bit coin block chain growth is not even the fastest: the competing Ethereal network has accumulated 200GB of historical data, just two years after launch and six months of active use. As a result, the life of the block chain is limited to a decade in the current circumstances. The growth of hard drive capacity is lagging.
In addition to the need to store a lot of the data, the data also needs to be downloaded. Anyone who has ever tried using a purse stored locally for crypto currency has discovered with amusement and amazement that he or she could not make or receive payments until the full download and the process of verification are complete, a few days if you are lucky.