Altcoins News
By Dan Saada
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There is a new podcast from "Vitalik Buterin, Creator of Ethereum about Understanding Ethereum, ETH vs.
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Some of the noteworthy points in the interview are about Vitalik Buterin calling Ethereum a general purpose blockchain.
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He further stated, different participants have particular ways of plugging into the database.
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He also stated that Ethereum expands on the Bitcoin approach. Rather than having rules, which are suited for one application, the rules are made more general purpose.
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The transcript of the podcast states: “Bitcoin is like a spreadsheet where everyone only controls their own five squares of the spreadsheet, but Ethereum is a spreadsheet…
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A lot of things have been happening on Ethereum, developers are able to build decentralized domain name systems like various decentralized financial contraptions, and prediction…
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The core difference between building an application on Ethereum versus building on some traditional centralized platform is that once the app is built on Ethereum, the…
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In summary, if Bitcoin is a shared ledger, then Ethereum is a shared computer for the entire world to run its most important applications.
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Also, now DeFi, which is decentralized finance is a gigantic new category where entire companies and protocols get built in a decentralized way which permit one to do a lot of…
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Vitalik Buterin reportedly in another interview stated, “We wanted digital nations, but we got digital nationalism.”
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