Ethereum: the World Computer
Why Ethereum Stack Exchange recommends it
Ethereum Stack Exchange answerers link it when they need an official, concise description of Ethereum as the "World Computer", whether explaining gas, listing benefits, or introducing it to non-technical readers.
Recommended by 2 people across 2 different months, 2016 to 2016.
What it is
A 1.5-minute official promo from the Ethereum channel introducing Ethereum as a decentralized platform for smart contracts, described as a censorship-proof planetary-scale computer. It was published in 2015 and covers the pitch at a very high level.
What people said
Recommends Jon Ramvi · 2016-02 · Ethereum Stack Exchange · on “Ethereum's benefits: why should I be interested in Ethereum?”
The most official list must be the one in the Ethereum book [LINK] : user authentication, via seamless integration of cryptographic signatures fully customizable payment logic; easily create your own payment system without any reliance on third parties 100% ddos resistant up-time, guaranteed by being a fully decentralized blockchain-based platform no-fuss storage: forget about having to set up secure databases; Ethereum gives you as much storage as you want ultimate interoperability: everything in the Ethereum ecosystem can trivially interact with everything else, from reputation to custom currencies server free zone: your whole application can be deployed on the blockchain meaning no need f
Recommends eth · 2016-12 · Ethereum Stack Exchange · on “What is meant by the term "gas"?”
The following response is taken from Ethereum, Gas, Fuel & Fees [LINK] What is Gas? Gas is the metering unit for use of the Ethereum "World Computer" [this video] . As an analogy, electricity is metered by kilowatt hours. Using more computation and storage in Ethereum means that more gas is used. One fundamental reason for metering is that it provides an incentive for people (miners) to operate the World Computer. These miners get a fee for processing transactions, which is determined by the metering scheme: gas. Each operation in the EVM consumes gas. For example, a multiplication (MUL) consumes 5 gas and an addition (ADD) consumes 3 gas. Here is a spreadsheet of Ethereum’s operations and their
Cites Taylor Gerring · 2016-01 · Ethereum Stack Exchange · on “How would I explain Ethereum to a non-technical friend?”
Ethereum is a world computer [ 1 [this video] ] and might change how we interact, just like the internet did, 20 years ago. Like Bitcoin, it is based on a block chain, but Ethereum is more than just a currency. It is a platform for building decentralized apps (dapps), which can be used for any activity that has an economic or governance aspect, such as: Transparent governance for communities Secure communications - authentication, messaging, Secure backbone for e-commerce and the Internet of Things Secure payments Integrated development environment for debugging, development and deployment of Ethereum applications Free software - all released under copyleft licenses such as MIT and the General Pu