Immutability as a service is what will bring more economic activity to the Bitcoin network in the long run, again similar to the internet. Should one (or a few) entities manage all of it it then undermines the value proposition and defeats the entire purpose. In other words the more distributed and decentralized the architecture and higher the number the owners, validators and nodes, the more robust, costly and therefore immutable it is. A concept like immutability (and things that inherently need it, i.e. Similar because the infrastructure required to make something truly digitally immutable is extraordinary (perhaps even more than all of the combined infrastructure that AMZN, MSFT and GOOG operate), and it only makes sense that people will anchor to it as and when they need to.ĭifferent because it’s not something that can be run by one or a few parties. Immutability is similar (but also different). They got in early and they poured billions upon billions into it.
You’ll also note that because of the economies of scale there are only three real options: So they use a cloud-based service such as AWS. It’s costly and it makes up only a fraction of what matters in their actual business. There is NO reason (or very little reason) that any company (tech or otherwise) today needs to buy, host and maintain its own server infrastructure. as a broader network that settles transactions or states with value associated to them. Now…If we view immutability as a service - one that any application in the world can “anchor” or connect to, then we begin to reframe how we view Bitcoin, i.e. There are not many applications in the world that need immutability, and perhaps only a couple that need to build immutability as part of their core stack.
“Bitcoin provides immutability as a service” Immutability as a Service By Aleksander Svetski Posted NovemBitcoin network = “IaaS” (not SaaS) If you find this journal useful, consider supporting Crypto Words by making a donation buying us a beer. Send us your favorite Bitcoin commentary. Remember, if you see something, say something.
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