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<akinsawyerr> "Incorporating the proof-of-work protocol into private blockchain technology taps directly into the immense efficiency of the bitcoin blockchain paradigm shift. Without it, all you've built is an old-fashioned (and inefficient) distributed database. There's a warning here for companies seeking to utilize blockchain technology: beware and become aware. Beware the software-workaround salesman selling 'eternal
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underlying elegance of bitcoin – it's not the software that makes bitcoin so efficient, it's the economics. As can be expected, when it comes to blockchain technology and historical record immutability, there really isn't a free lunch. http://www.coindesk.com/can-trust-based-private-blockchains-be-trusted/
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<lab> private chains can piggybacked to bitcoin blockchain for "eternal immutability" as factom does.
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<dzham> … as long as you can get your transaction accepted into the blockchain
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<lab> use op_return for root hash of merkle tree
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<eva> Welcome @triple-tap @artexa @har777! Great to have you. What brings you to Slack?
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