Noah Ruderman on Ethereum
Ethereum is a Turing-Complete cryptocurrency that serves as a platform for programmable smart contracts.
Ethereum reviews by Noah Ruderman
All Ethereum reviews by expert Noah Ruderman.
Bitcoin was a 10x improvement over the wire / ACH transfer.....Ethereum 1.0 was 10x worse compared to contemporary web architecture. It was an unherently unscalable system (monolithic blockchain) competing with an extremely scalable system (modern web). The situation is so bad that they need a complete rearchitecture. Wealth transfer on Ethereum (not intended to be the primary use-case) created a baseline transaction fee which drowned out all applications with low economic value (i.e. most dapps). The dapps that did survive were less numerous and successful than what was expected.Full review