Database insert? Ok...
You may benefit from reading about why Bitcoin works the way that it does, and why certain tradeoffs were made.
But you don't really care to know, do you?
You may benefit from reading about why Bitcoin works the way that it does, and why certain tradeoffs were made.
But you don't really care to know, do you?
throughput of a blockchain is contingent upon tweaking but for the original bitcoin, still used, it's 6 mb/hour. electricity consumption is 14 gigawatts. if i were given 14 gigawatts of electricity i think i could do better than 6 megabytes/hour.
That for an open and fully accessible, decentralised system that exists in an adversarial environment there has to be a large cost to any attacks?
Of course there are much more efficient ways to store data, but those are centralised and vulnerable to the problems of centralisation. The blockchain's and proof-of-work's purpose is to be decentralised.