Ethereum is not Turing complete

1. Ethereum is a new and open blockchain platform, which allows anyone to build and use decentralized applications running through blockchain technology in the platform
just like bitcoin, Ethereum is neither controlled nor owned by anyone - it is an open source project created by many people around the world. Different from bitcoin protocol, Ethereum's design is very flexible and adaptable. It is very easy to create new applications on the Ethereum platform. With the release of homestead, anyone can use the applications on this platform safely
Ethereum is a programmable blockchain. It does not give users a series of preset operations, but allows users to create complex operations according to their own wishes. In this way, it can be used as a platform for many types of decentralized blockchain applications
in a narrow sense, Ethereum refers to a series of protocols that define a decentralized application platform. The core of Ethereum is Ethereum virtual machine (EVM), which can encode any complex algorithm. In computer science terminology, Ethereum is "Turing complete.". Developers can use the existing JavaScript and python as the model of other friendly programming languages to create applications running on the Ethereum simulator.

2.

Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency ether (also known as "Ethereum")

The token on the

blockchain is called ether, and the code is eth. It can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum

the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, with the general meaning of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014. As of February 2018, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin

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Ethereum platform has no characteristics and value. Like programming languages, it's up to entrepreneurs and developers to decide what to use. However, it is clear that some application types benefit more from the functions of Ethereum than others. Ethereum is especially suitable for those applications that automatically interact directly between points or promote group coordination activities across networks

for example, coordinate the application of point-to-point market, or the automation of complex financial contracts. Bitcoin enables indivials to exchange money without the help of financial institutions, banks or governments. The impact of Ethereum may be more profound

in theory, any complex financial activities or transactions can be automatically and reliably carried out on Ethereum with coding. In addition to financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by Ethereum platform on a large scale

3. Ethereum is not a scam, but there are countless scams designed by criminals around Ethereum. The best way to avoid Ethereum scams is not to trust the guaranteed return on investment and manage your own money bag. Choose a formal digital currency exchange to invest. At present, the mainstream digital currency transactions in the market are all coin security, fire coin network, bitnet, etc.

4. I plan to start a series to talk about architecture. My previous experience is mainly in the area of Internet architecture. Recently, I am sorting out and analyzing the architecture of bitcoin, Ethereum and EOS, so I am going to write a series of articles to talk about the understanding of Internet architecture and blockchain architecture. It will be divided into four articles: 1. Internet proct architecture, 2. Bitcoin architecture analysis, 3. Ethereum architecture analysis, 4. EOS architecture analysis
there is no central server in Ethereum. Instead, there are many equal nodes connected by P2P protocol, which store all the data in many nodes. When a user initiates a transaction, the transaction will be broadcast out through P2P protocol. The miner node verifies, packages and further broadcasts the transaction to the whole network. After confirmation in the blockchain, the operation is considered to be unchangeable
in the articles on blockchain on the Internet, the two words distributed and decentralized are mentioned, sometimes slightly different, sometimes mixed. The author thinks that if we want to distinguish accurately, the distributed system emphasizes that multiple components work together by sending messages, and the decentralized system emphasizes that there is no central node to control the operation of the whole system. Therefore, we think that Ethereum is both decentralized and distributed, or running a decentralized program on a distributed platform.

5. Using Turing complete script language can make CSSL logically compatible with other programming languages, and theoretically realize the logic realized by other languages, and the real business logic to the maximum extent. Hope to adopt it!

7. Ethereum is the most widely used public blockchain system supporting complete application development. Compared with bitcoin, Ethereum belongs to the category of blockchain 2.0, which is a redesigned blockchain system to solve some problems of bitcoin network. Why Ethereum? Because the design of bitcoin is only suitable for the digital currency scene, it does not have Turing completeness, and lacks the concept of saving the real-time status of the account, and there are problems of efficiency and resource waste caused by POW mechanism
the most critical problem is that in the business environment, there needs to be an efficient consensus mechanism, Turing completeness, support for smart contracts and other application scenarios. Therefore, Ethereum came into being in this situation, and its founder was called vitalik buterin. What are the characteristics of Ethereum? First of all, it is a universal global blockchain, that is, it belongs to the public chain, which is the same as bitcoin, and can be used to manage financial and non-financial applications. At the same time, Ethereum is also a platform and programming language, including the digital currency ether and the Ethernet script used to build and publish distributed applications, that is, the smart contract programming language.