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by danielpatrick 3341 days ago
I'll add some color here.

The complexity you're referring to may be the runtime? It is more complex than, say, Bitcoin because it has for most purposes a Turing complete language baked into the protocol.

Bitcoin is a blockchain that forms consensus on the state of a specific implementation of a data structure (somewhat arbitrarily, a list of transactions) and it has a very limited set of operations to manipulate that data.

Coming to distributed consensus on a transaction ledger is ultra-useful, as we have come to know. But there may be other data structures that may be useful for distributed consensus as well. Rather than building a blockchain for each one, why not build that flexibility into one protocol so the developer can choose?

Ethereum is a blockchain that forms consensus on the state of a more general set of data types, with a Turing complete language to operate on the data.

More complex? Yes. But the hope is that this flexibility drives a rich developer ecosystem, where innovation can happen within the network, rather than having to build your own network from scratch.

As for decentralization leading to fragmentation? This is a feature, not a bug. It is the feature that allowed Ethereum to grow in tangent with a thousand other blockchain mechanisms. Maybe fragmentation will bring its demise, but it as breath of fresh air from our rapidly consolidating tech industry.