5 ms·

Ethereum is an astoundingly interesting sandbox for blockchain projects and smart contract experimentation. How it ever got moved to prod is beyond me.

qqii 6y ago
The incentives are much greater to both create useful smart contracts and exploit them when there is real money on the line.
- plankers 6y ago
  And the incentives to let lay-people in on how the game works are much less!
mandelbrotwurst 6y ago
What would a “production ready” system for blockchain projects and smart contracts look like to you?
- Jhsto 6y ago
  Not the parent poster, but as a programmer I think it was an oversight to not formally define the VM. To me, this seems like a poor foundation to build resilient applications atop of. EDIT: And when I mean formally define, I mean something that is machine-checkable so implementations would have a conformance suite.
  - MrMan 6y ago
    Why not just use the nvm or the beam vm? I am not well versed enough to know why this new vm is necessary or sufficient to the task
    - CryptoPunk 6y ago
      Blockchain transactions need to be deterministic. WASM couldn't be ported over to Ethereum because it isn't, so eWASM is being developed as the deterministic subset of WASM, for possible use in Ethereum.
  - mandelbrotwurst 6y ago
    Got it, thanks for the reply. Are you familiar at all with Cardano / IOHK's IELE? I get the impression from their documentation (https://developers.cardano.org/en/virtual-machines/iele/about/the-iele-virtual-machine/ https://developers.cardano.org/en/virtual-machines/iele/abou...) that it's intended to address that, but I'm no expert in this area. I actually hadn't considered this issue at all until you mentioned it, but was aware that one of Cardano's selling points is a focus on verifiability (e.g. via their Haskell-based Plutus language for smart contracts), and came across this IELE after a quick search through their materials.

qqii 6y ago

The incentives are much greater to both create useful smart contracts and exploit them when there is real money on the line.

plankers 6y ago
And the incentives to let lay-people in on how the game works are much less!

mandelbrotwurst 6y ago

What would a “production ready” system for blockchain projects and smart contracts look like to you?

Jhsto 6y ago
Not the parent poster, but as a programmer I think it was an oversight to not formally define the VM. To me, this seems like a poor foundation to build resilient applications atop of. EDIT: And when I mean formally define, I mean something that is machine-checkable so implementations would have a conformance suite.
- MrMan 6y ago
  Why not just use the nvm or the beam vm? I am not well versed enough to know why this new vm is necessary or sufficient to the task
  - CryptoPunk 6y ago
    Blockchain transactions need to be deterministic. WASM couldn't be ported over to Ethereum because it isn't, so eWASM is being developed as the deterministic subset of WASM, for possible use in Ethereum.
- mandelbrotwurst 6y ago
  Got it, thanks for the reply. Are you familiar at all with Cardano / IOHK's IELE? I get the impression from their documentation (https://developers.cardano.org/en/virtual-machines/iele/about/the-iele-virtual-machine/ https://developers.cardano.org/en/virtual-machines/iele/abou...) that it's intended to address that, but I'm no expert in this area. I actually hadn't considered this issue at all until you mentioned it, but was aware that one of Cardano's selling points is a focus on verifiability (e.g. via their Haskell-based Plutus language for smart contracts), and came across this IELE after a quick search through their materials.