ChainDB: A Peer-to-Peer Database System from BitPay

ChainDB: A Peer-to-Peer Database System from BitPay

BitPay wants ChainDB to secure data using the block chain, and the payments processor needs the Bitcoin community's help with the project. In an effort that is more like Factom than storj, BitPay outlines in a recent paper a mechanism for creating counterfeit resistant databases using the Bitcoin mining network. A so-dubbed ChainDB (chain database) would benefit from the full power of the Bitcoin mining network "to create an unforgeable history of database mutations." According to BitPay, "the existing Bitcoin network can be leveraged for new applications with little or no change to the....


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