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Ethereum: Rise of the World Computer

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Re: Ethereum: Rise of the World Computer

#11
post #7

Earlier quoted context omitted.

Its technically in the "frontier" stage, which means that its in "beta" of sorts. There are lots of developers working on Ethereum dapps and it is more than useable, however consumers should be aware there may be loss-causing bugs around.

[deleted]

I think he means http://dapps.ethercasts.com/ Not sure if these are used for any serious use case yet.

Re: Ethereum: Rise of the World Computer

#13
The article is pretty light on technical details. Does Ethereum suffer from the same design limitation as Bitcoin, where every operation must be verified by every node? If so, I have a really hard time believing it will scale. Look how much difficulty the Bitcoin network is having with just a couple of transactions per second.

Re: Ethereum: Rise of the World Computer

#15

The article is pretty light on technical details. Does Ethereum suffer from the same design limitation as Bitcoin, where every operation must be verified by every node? If so, I have a really hard time believing it will scale. Look how much difficulty the Bitcoin network is having with just a couple of transactions per second.

That's a political problem with the miners and developers. There's no technical reason they couldn't raise the block size.

Re: Ethereum: Rise of the World Computer

#16

The article is pretty light on technical details. Does Ethereum suffer from the same design limitation as Bitcoin, where every operation must be verified by every node? If so, I have a really hard time believing it will scale. Look how much difficulty the Bitcoin network is having with just a couple of transactions per second.

The Bitcoin network is not having much difficulty with a couple of transactions per second. It is the community that struggles with adjusting to an appropriate throughput.

Re: Ethereum: Rise of the World Computer

#17
post #16

The article is pretty light on technical details. Does Ethereum suffer from the same design limitation as Bitcoin, where every operation must be verified by every node? If so, I have a really hard time believing it will scale. Look how much difficulty the Bitcoin network is having with just a couple of transactions per second.

The Bitcoin network is not having much difficulty with a couple of transactions per second. It is the community that struggles with adjusting to an appropriate throughput.

How do I continue using Bitcoin as a transactional currency if I can't perform transactions with it?

Re: Ethereum: Rise of the World Computer

#18
post #7

Earlier quoted context omitted.

Its technically in the "frontier" stage, which means that its in "beta" of sorts. There are lots of developers working on Ethereum dapps and it is more than useable, however consumers should be aware there may be loss-causing bugs around.

[deleted]

Who would use a beta version of a crypto product in a production setting?

Re: Ethereum: Rise of the World Computer

#19
post #7

Earlier quoted context omitted.

Its technically in the "frontier" stage, which means that its in "beta" of sorts. There are lots of developers working on Ethereum dapps and it is more than useable, however consumers should be aware there may be loss-causing bugs around.

[deleted]

> Bitcoin is used by millions of people a day now.

Tangible example please. Bit Coin transaction volume is about 200k/day, so how are these millions of people using it?

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