13. The Future of Ethereum
By Tim McCallum
The creator of Ethereum, Vitalik Buterin, defines blockchain as a decentralized system that contains shared memory, and as such, a good blockchain application is one that needs both a decentralized architecture and shared memory capabilities across the network’s architecture. Ethereum’s focus, to date, has been on decentralization (philosophically, decentralizing the Internet). The Internet, while possessing the design characteristics to be decentralized, has since its inception become increasingly centralized. The Ethereum network provides guaranteed decentralized computation on a global scale. In addition to this, the Ethereum network holds shared memory within the entire network, known as the state ...
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