[ETHEREUM] What are its benefits? - page 2.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: ChuckOne on June 25, 2014, 12:44:18 PM

Quote from: CoinHoarder on June 25, 2014, 12:40:53 PM

Quote from: ChuckOne on June 25, 2014, 12:06:10 PM

Quote from: CoinHoarder on June 25, 2014, 11:35:56 AM

Java and other programming languages are built to do just about anything. I touched on this in my last post, but Ethereum is made specifically for creating decentralized applications (and contracts.. Forgot about that in my last post.) It makes it easier and quicker to develop decentralized applications because a lot of the functions you'd have to write in Java from scratch are already written for you.

Why not using an already existing platform, add your wanted feature and that is it?

Proof?

(any decentralized platform + new feature <-> Ethereum + new feature)

Go over to the Ethereum forums and ask the developers over there, they can vouch for that better than I can as I am not a developer and have not tried developing anything using Ethereum. I am just someone that took 2 years of programming classes 10 years ago, and haven't done much coding since as it was rather boring and tedious for me. Yet, I have enough general knowledge of most basic computer science areas, and understand how Ethereum can be a great thing for decentralized applications.

I'm not sure why you can't come to that conclusion yourself, but I would venture to say you have an agenda. I have read that you are a Nxt developer... Tell me how well YOUR decentralized applications are coming along? I heard a lot of them are not coming along so quickly. Maybe you guys should look into using Ethereum? Tongue

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: CoinHoarder on June 25, 2014, 12:40:53 PM

Quote from: ChuckOne on June 25, 2014, 12:06:10 PM

Quote from: CoinHoarder on June 25, 2014, 11:35:56 AM

Java and other programming languages are built to do just about anything. I touched on this in my last post, but Ethereum is made specifically for creating decentralized applications (and contracts.. Forgot about that in my last post.) It makes it easier and quicker to develop decentralized applications because a lot of the functions you'd have to write in Java from scratch are already written for you.

Why not using an already existing platform, add your wanted feature and that is it?

Proof?

(any decentralized platform + new feature <-> Ethereum + new feature)

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: ChuckOne on June 25, 2014, 12:06:10 PM

Quote from: CoinHoarder on June 25, 2014, 11:35:56 AM

Java and other programming languages are built to do just about anything. I touched on this in my last post, but Ethereum is made specifically for creating decentralized applications (and contracts.. Forgot about that in my last post.) It makes it easier and quicker to develop decentralized applications because a lot of the functions you'd have to write in Java from scratch are already written for you.

Why not using an already existing platform, add your wanted feature and that is it?

I don't get why you're asking that, it is more clearly explained in the abstract of the white paper. All of the answers to your questions so far are answered there. If you've already read it, then why are you asking these questions?

Quote

The intent of Ethereum is to merge together and improve upon the concepts of scripting, altcoins and on-chain meta-protocols, and allow developers to create arbitrary consensus-based applications that have the scalability, standardization, feature-completeness, ease of development and interoperability offered by these different paradigms all at the same time. Ethereum does this by building what is essentially the ultimate abstract foundational layer: a blockchain with a built-in Turing-complete programming language, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats and state transition functions. A bare-bones version of Namecoin can be written in two lines of code, and other protocols like currencies and reputation systems can be built in under twenty. Smart contracts, cryptographic "boxes" that contain value and only unlock it if certain conditions are met, can also be built on top of our platform, with vastly more power than that offered by Bitcoin scripting because of the added powers of Turing-completeness, value-awareness, blockchain-awareness and state.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: CoinHoarder on June 25, 2014, 11:35:56 AM

Java and other programming languages are built to do just about anything. I touched on this in my last post, but Ethereum is made specifically for creating decentralized applications (and contracts.. Forgot about that in my last post.) It makes it easier and quicker to develop decentralized applications because a lot of the functions you'd have to write in Java from scratch are already written for you.

Why not using an already existing platform, add your wanted feature and that is it?

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

@Willisius
Guess what I did a long time ago.

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

From the white paper:

Quote

The intent of Ethereum is to merge together and improve upon the concepts of scripting, altcoins and on-chain meta-protocols, and allow developers to create arbitrary consensus-based applications that have the scalability, standardization, feature-completeness, ease of development and interoperability offered by these different paradigms all at the same time. Ethereum does this by building what is essentially the ultimate abstract foundational layer: a blockchain with a built-in Turing-complete programming language, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats and state transition functions. A bare-bones version of Namecoin can be written in two lines of code, and other protocols like currencies and reputation systems can be built in under twenty. Smart contracts, cryptographic "boxes" that contain value and only unlock it if certain conditions are met, can also be built on top of our platform, with vastly more power than that offered by Bitcoin scripting because of the added powers of Turing-completeness, value-awareness, blockchain-awareness and state.

Pretty exciting. It allows one to make things, like token systems where you can have tokens that represent something and can't be forged. Or smart contracts, etc. The possibilities look boundless to me. I really recommend that you read the white paper.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: ChuckOne on June 24, 2014, 04:47:32 PM

I think we are getting to the point now.

Well, so Ethereum provides a Turing-complete programming language like Java is.

Why not use Jave in the first place?

Java and other programming languages are built to do just about anything. I touched on this in my last post, but Ethereum is made specifically for creating decentralized applications (and contracts.. Forgot about that in my last post.) It makes it easier and quicker to develop decentralized applications because a lot of the functions you'd have to write in Java from scratch are already written for you.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

bump

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

I think we are getting to the point now.

Well, so Ethereum provides a Turing-complete programming language like Java is.

Why not use Jave in the first place?

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Ethereum makes it easier and quicker to develop decentralized applications, as it is a programming language built specifically for developing decentralized applications.

The way I understand it, being turing complete means that it can perform the simplest of math problems to even the most complicated ones. This in theory means that there is no limit to what you can develop with Ethereum as it can solve the most complicated of problems, like complicated cryptography etc.. Most modern programming languages are turing complete. Someone correct me if I am wrong, because I just learned what turing complete was when I heard about Ethereum/Qixcoin, but I think that is more or less correct.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Hagade on June 23, 2014, 05:26:55 PM

Quote from: ChuckOne on June 23, 2014, 02:21:42 PM

Watched video. Still awaiting benefits.

About the soft / Wallet: The proof of concept V 4.2 is like this:

You have all accounts listed in some of the windows;

The blockchain is there too;

Some information of the block(s), transaction(s) and message;

If I did not understood the contracts ( little time to make a research and read code);

Every new block makes the minning operation restarts;

And finally, the log, that you can make it be information or show everything happening.

To mine, just click enable network, sometimes connect to peer and mine.

tomorrow I'll read more about the coin.

See you around!!

Thank you for answering.

Well, I am not sure if those are the core benefits of Ethereum.

As it seems to me, contracts should be the one that would make the difference. Unfortunately, I do not see why these are beneficial to the system. Maybe, somebody has an idea.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: indiemax on June 23, 2014, 02:38:26 PM

Haha! a mischief maker thread from a core developer who doesn't understand the code of a potential rival

think that's a fail from all angles Grin

Still no benefits. Maybe, you could be so kind as to explain them to me as I am obviously not able to see them.

Hagade

newbie

Activity: 38

Merit: 0

Quote from: ChuckOne on June 23, 2014, 02:21:42 PM

Watched video. Still awaiting benefits.

About the soft / Wallet: The proof of concept V 4.2 is like this:

You have all accounts listed in some of the windows;

The blockchain is there too;

Some information of the block(s), transaction(s) and message;

If I did not understood the contracts ( little time to make a research and read code);

Every new block makes the minning operation restarts;

And finally, the log, that you can make it be information or show everything happening.

To mine, just click enable network, sometimes connect to peer and mine.

http://s15.postimg.org/3w1b33t17/ethereum_1.png

tomorrow I'll read more about the coin.

See you around!!

indiemax

hero member

Activity: 722

Merit: 500

Quote from: ChuckOne on June 23, 2014, 01:46:03 PM

Quote from: Momimaus on June 23, 2014, 01:43:11 PM

Sounds cool.

Sure.

But, what is more?

Quote from: Momimaus on June 23, 2014, 01:43:11 PM

Maybe take a look at NXT´s AT, then you will see what Ethereum can offer in a couple of years. Cool

I am a core developer of Nxt. I know the project. Wink

Haha! a mischief maker thread from a core developer who doesn't understand the code of a potential rival

think that's a fail from all angles Grin

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Watched video. Still awaiting benefits.

Hagade

newbie

Activity: 38

Merit: 0

Quote from: ChuckOne on June 23, 2014, 01:52:30 PM

But, I wanted to hear real benefits. :/
Anybody?

Im not so sure what benefits it has, but im mining it a lont time,

What I see is almost every day "moviment" at github https://github.com/ethereum

And there is the site too:

https://www.ethereum.org/

Maybe this can help a bit....

Grin

I forget... you can mine only whith the soft of them. For not use asics or something like this.

It uses CPU mining, but I cant imagine what can stop someone to rent a server whith 8 or 10 core to mine it....

opticalcarrier

full member

Activity: 238

Merit: 100

from what i understand, NXT's AT is being built on top of the NXT protocol, into the core, and what I understand about etherium, is that turing complete IS the core, so very ambitious it sounds like to me.

at least i think.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

But, I wanted to hear real benefits. :/

Anybody?

Momimaus

hero member

Activity: 767

Merit: 500

Never back down !!!

Quote from: ChuckOne on June 23, 2014, 01:46:03 PM

Quote from: Momimaus on June 23, 2014, 01:43:11 PM

Sounds cool.

Sure.

But, what is more?

Quote from: Momimaus on June 23, 2014, 01:43:11 PM

Maybe take a look at NXT´s AT, then you will see what Ethereum can offer in a couple of years. Cool

I am a core developer of Nxt. I know the project. Wink

I KNOW.....just making fun

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Momimaus on June 23, 2014, 01:43:11 PM

Sounds cool.

Sure.

But, what is more?

Quote from: Momimaus on June 23, 2014, 01:43:11 PM

Maybe take a look at NXT´s AT, then you will see what Ethereum can offer in a couple of years. Cool

I am a core developer of Nxt. I know the project. Wink

Topic: [ETHEREUM] What are its benefits? - page 2. (Read 2976 times)