Very simple:
-Valuable data must be trustworthy
- we can do this by leveraging bitcoin immutable timechain
- we simple get a fingerprint of the data via hashing and we can collate millions of hashes into a few bytes using Merkel tree
- we inscribe this in the BTC timechain
And voila we have immutable proof that such data existed at that blockheight
If you have hashes of data files then the timechain would the secure database where to look it up
Tons of use cases from legal to transaction steps
Tranche
npub137…uu7y0
2023-09-19 16:47:36
in reply to nevent1q…77ms
Author Public Key
npub13778dda2sqdpgl7gn0pve8dxc2fccvk7md85xr7rya9gxj6a86ss8uu7y0Published at
2023-09-19 16:47:36Event JSON
{
"id": "046756319768bd7c4cef8ada11800ded98bdcc5a44f6a39f148f05311a36207f",
"pubkey": "8fbc76b7aa801a147fc89bc2cc9da6c2938c32dedb4f430fc3274a834b5d3ea1",
"created_at": 1695134856,
"kind": 1,
"tags": [
[
"e",
"42acb1a1a35f80674a89695324c622b807a8005fa32fb2e664db947156b39165"
],
[
"p",
"3bf0c63fcb93463407af97a5e5ee64fa883d107ef9e558472c4eb9aaaefa459d"
]
],
"content": "Very simple:\n -Valuable data must be trustworthy\n- we can do this by leveraging bitcoin immutable timechain\n- we simple get a fingerprint of the data via hashing and we can collate millions of hashes into a few bytes using Merkel tree\n- we inscribe this in the BTC timechain \nAnd voila we have immutable proof that such data existed at that blockheight\n\nIf you have hashes of data files then the timechain would the secure database where to look it up\n\nTons of use cases from legal to transaction steps",
"sig": "e96449544a68652daf93c38b6196e4b79d52369fc80b33a46671ee41a2ba7f57a674ef846a5862576048e9516c53d9bf4dc6c3be9686d714e9a4ecd4351a64ad"
}