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A quick reminder, 2025 update should include AI in the diagram
(eviltoast.org)
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this post was submitted on 30 Sep 2025
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Imagine many entities have a shared database. You cannot trust anyone else but you have to add something. The consensus mechanism of the algorithm of your choice ensures that only good actors participate through sheer game theory. This naturally has a cost and you are happy to pay it. You have a lot of fun
Thank you for this. I’ve grown too tired of explaining it after the last 15 years.
Just because it’s not the solution for everything doesn’t mean it’s not a solution for something. Blockchain revolutionized global finance.