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by Anonobread
3743 days ago
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> Ethereum is a world computer. As in, it acts like a single public computer that can perform computations for anyone who is willing to pay for them, but instead of this computer being run by a third party, it's run by the network as a whole. Compared to actual Python code, or Ruby code, or any code that you can imagine, Ethereum VM code is a hobbled down child's toy. Think: Gameboy from 1995. The memory is scant. The performance, abysmal. > This is useful for any situation where you would usually need a trusted third party to perform some computations or enforce one side of a bargain - for example ecommerce/escrow, trading, voting, bets, issuing stock/currency, plus other things that probably have not even been thought of yet. You can do all of those things with Bitcoin. We don't promote it much because no one has cared to use any of it for years. It's always hooked in investors, though. Lots and lots of investors. |
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