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@ Hack0
2025-05-12 00:23:56A peer-to-peer electronic cash system can be interpreted as a data storage system in the specific sense that it immutably records transaction data in a distributed ledger. Each transaction is a data entry. The blockchain acts as an append-only database replicated across nodes. However, its function is not general-purpose data storage—only financial state transitions are recorded. Storing arbitrary data is inefficient, and antithetical to its purpose.