Altcoins News
By Steven Anderson
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Vitalik Buterin stated that the one sentence explanation of Ethereum as being that: It is a general purpose blockchain.
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There are particular ways of plugging in to the database and to send transactions related to particular things, but no one can tamper with the system that is outside of the rules.
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Ethereum is different from Bitcoin in that instead of having the rules built around sustaining one application, it is more general purpose where people can built their own…
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He pointed to how one person gave an explanation where Bitcoin is like a spreadsheet where everyone controls their own 5 squares of the spreadsheet, but Ethereum is a spreadsheet…
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So, what is built is that which people build with their own creativity. However, the core difference between building an application on Ethereum versus building it on some…
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Ethereum according to Tim Ferris has evolved and grown bigger than what Vitalik would have probably imagined or anticipated.
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