Crypto enthusiasts who have invested their time and resources into everything related to cryptocurrency are always armed with information regarding the industry which they use to sensitize the rest of the community about the current happenings in the ecosystem as well as answer questions concerning the technology.
One popular example of this class of crypto supporters is the author of A Major Bitcoin Bull and Mastering Bitcoin, Andreas Antonopoulos.
How Useful Is The Blockchain In IOT?
In his most recent video, Antonopoulos provided answers to questions that have bothered many regarding the impact the blockchain technology would have on various fields when applied to them, especially in the aspect of Internet of Things (IOT) and its use for selling power.
The first question he treated was if the blockchain could serve as a solution to the problems experienced in IOT, to which he gave the following response:
“I am quite skeptical about using blockchain technology in IOT devices. The thing is I do not know what the benefits are and how it would be different from using a dedicated IOT database. What are the benefits really, I don’t know.”
The Bitcoin Bull opined that it may be possible for technologists to use a decentralized blockchain in such a way that the information contained in it remains well maintained, which of course can be changed in the future if the need should arise.
This feature is only possible because the blockchain gives users the ability to access information at any point in time without the digital ledger being compromised.
IOT And Blockchain Have No Business Being Integrated
Antonopoulos stated that for many people, the term blockchain means “a database that does digital signatures.” Soon the world may witness a new solution that came about by mashing IOT and blockchain together of which Antonopoulos insists is a wrong move.
In other news, the Bitcoin supporter recently made headlines again on the subject of unknown block versions mining of which he gave reasons as to why it is happening.
He made the revelation in response to the complaint lodged by some users who claimed to see messages that read ‘Unknown block versions being mined as possible unknown rules are in effect’ the moment a Bitcoin core node was run.
The computer scientist explained that the message came as a result of miners making use of the block version field with the block header to bring about a larger number of block hash permutations.