Ethereum is the Excel of Blockchains
Bitcoin is a database that does only 1 thing: track ownership of coins. Ethereum adds the computational capabilities that makes Excel more than a database:
- Turing Completeness. It means that it can solve any computational problem. With the introduction of formulas, Excel became Turing complete. With Ethereum's smart contracts you can solve any reasonable problem.
- Composability. In Excel, “You can chain functions, passing the output of one function as the input to another, allowing for an enormous number of potential computational pipelines.” This is very similar to the idea of “Legos.”
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Ethereum Virtual Machine (EVM)
Ether is made of a blockchain (an immutable database) and a world decentralised computer (EVM), a virtual machine in which all the smart contracts function in Ethereum.
The EVM is a simple yet powerful Turing Complete 256-bit virtual machine. Turing Complete means that given the re...
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