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> it is innovating in every aspect Could you expand on what you mean here? What are the aspects?

• ikt 4y ago
  Well decentralisation is hard, it's particularly hard when it's dealing with real peoples money, it's hard to scale and hard to maintain, Ethereum is getting closer and closer day by day to moving to an alternative system called Proof of Stake, it's a different system from Proof of Work, you may be familiar with Bitcoin and its energy use. You can read more about issues on Vitaliks website for example when Musk tried to become a blockchain expert overnight he looked a bit silly: https://vitalik.ca/general/2021/05/23/scaling.html https://vitalik.ca/general/2021/05/23/scaling.html Vitalik is probably the only Billionaire in the world I don't hate and ethereums innovations are incredible.
  • AlexandrB 4y ago
    > Ethereum is getting closer and closer day by day to moving to an alternative system called Proof of Stake At least this is honest and doesn't provide a date given how many times the planned date has slipped.
• renonce 4y ago
  EVM based deterministic execution has proven to be a resilient model for smart contracts. The other major inventions are not Ethereum itself, but it led to, to name a few, PoS consensus and zero knowledge proofs which I particularly admired. It has grown into a huge ecosystem of practical cryptographic schemes. Ponzi schemes are possible with just Bitcoin, and yeah Ethereum is full of crypto ponzis at the moment, but all these useful cryptographic inventions may not have been made practical without Ethereum.