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Yeah people. Explain Ethereum without using the words "smart contract" please.

by Double_a_92 9y ago

mbrock 9y ago
It's a distributed money database with stored procedures.
- apapli 9y ago
  Awesome reply, I've been searching for a simple explanation. This is superb.
xHopen 9y ago
It takes some time to wrap your head around the blockchain, first you have to understand Bitcoin , then you will have no issues understanding Ethereum. But I tell you one thing, once you understand it, you will not stop thinking about it. https://www.youtube.com/watch?v=3RN8bnNe-Is https://www.youtube.com/watch?v=3RN8bnNe-Is
- ym705 9y ago
  I dream about blockchains. Yeah it's true, not only the technology is interesting but also the community and all the ecosystem behind cryptocurrencies.
  - xHopen 9y ago
    And this is just the beginning.
    - 191873193891 9y ago
      Wait until we have a self-driving and deep-learning blockchain...
- jk4930 9y ago
  Healthy young child discovers Ethereum, gets pumped with massive shot of many tokens, feels good and changes - AUTISM. Many such cases!
bshanks 9y ago
Ethereum is a cloud computing service. It has two advantages over other cloud computing services: (1) it is extremely highly available (2) the person who uploads a program cannot modify that program afterwards and has no special admin access over that program's data storage; furthermore all data stored including program code is publicly viewable. Because the program author has no admin privileges, users don't have to worry about the service provider abusing their admin privilages to secretly modify the database (which may otherwise be a concern for high-value applications such as, e.g. vote-counting, e.g. a database that stores bank account balances, etc). The disadvantages are (1) it is much more expensive compared to other cloud computing services, (2) since the uploader doesn't have admin access, they can't fix bugs, and since everything is transparent, it's hard to store secrets.

Yeah people. Explain Ethereum without using the words "smart contract" please.

mbrock 9y ago

It's a distributed money database with stored procedures.

apapli 9y ago
Awesome reply, I've been searching for a simple explanation. This is superb.

xHopen 9y ago

It takes some time to wrap your head around the blockchain, first you have to understand Bitcoin , then you will have no issues understanding Ethereum. But I tell you one thing, once you understand it, you will not stop thinking about it. https://www.youtube.com/watch?v=3RN8bnNe-Is https://www.youtube.com/watch?v=3RN8bnNe-Is

ym705 9y ago
I dream about blockchains. Yeah it's true, not only the technology is interesting but also the community and all the ecosystem behind cryptocurrencies.
- xHopen 9y ago
  And this is just the beginning.
  - 191873193891 9y ago
    Wait until we have a self-driving and deep-learning blockchain...
jk4930 9y ago
Healthy young child discovers Ethereum, gets pumped with massive shot of many tokens, feels good and changes - AUTISM. Many such cases!

bshanks 9y ago

Ethereum is a cloud computing service. It has two advantages over other cloud computing services: (1) it is extremely highly available (2) the person who uploads a program cannot modify that program afterwards and has no special admin access over that program's data storage; furthermore all data stored including program code is publicly viewable. Because the program author has no admin privileges, users don't have to worry about the service provider abusing their admin privilages to secretly modify the database (which may otherwise be a concern for high-value applications such as, e.g. vote-counting, e.g. a database that stores bank account balances, etc). The disadvantages are (1) it is much more expensive compared to other cloud computing services, (2) since the uploader doesn't have admin access, they can't fix bugs, and since everything is transparent, it's hard to store secrets.