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Perhaps you can help me with my ignorance too; what advantage does it have over existing computing systems, be they centralised or decentralised, or is there a
by EliRivers 9y ago
Perhaps you can help me with my ignorance too; what advantage does it have over existing computing systems, be they centralised or decentralised, or is there a particular class of problem that they're particularly superior for?
- stuxnet79 9y agoThe Ethereum platform shines for use-cases in which centralized trust is basically impractical or an impossibility. To me the Decentralized Autonomous Organization (DAO) exemplifies the novel aspects of this kind of computation. Sadly, the whole dApp ecosystem is flooded with initiatives that in practice would run better, and more efficiently outside the EVM. By this I mean the costs of running the contract on the blockchain do not really scale up to the benefits of running it in a decentralized, trustless context. So your instinct, that it is not advantageous to run applications on the EVM is in fact correct in most of the use-cases I've seen so far (cough cryptokitties)