Are General Purpose Blockchains the Right Solution?
▻https://hackernoon.com/are-general-purpose-blockchains-the-right-way-forward-1bd167e8b915?sourc
Today’s public blockchains are called “world computers”. The most famous one is Bitcoin, the first cryptocurrency based on a distributed public ledger.The unique thing about Bitcoin is that it was the first cryptocurrency to solve the double-spend problem in a trustless, decentralized manner. Bitcoin itself took the #blockchain and used it for a single purpose: A peer to peer, decentralized electronic cash. That’s it.The second most famous blockchain is arguably Ethereum.Ethereum employs a blockchain just like Bitcoin, but aspires to do much more: Create a general purpose, decentralized world computer.To achieve this, they have built a robust infrastructure that is capable of running complex operations in the form of smart contracts. The two “killer-app” examples for Ethereum’s functionality (...)
#purpose-blockchains #decentralization #token #general-blockchains