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On Abstraction | Ethereum Foundation Blog

blog.ethereum.org · 4,212 words · saved by 1 readers

Special thanks to Gavin Wood, Vlad Zamfir, our security auditors and others for some of the thoughts that led to the conclusions described in this post One of Ethereum's goals from the start, and arguably its entire raison d'être, is the high degree of abstraction that the platform offers. Rather than limiting users to a specific set of transaction types and applications, the platform allows anyone to create any kind of blockchain application by writing a script and uploading it to the Ethereum blockchain. This gives an Ethereum a degree of future-proof-ness and neutrality much greater than that of other blockchain protocols: even if society decides that blockchains aren't really all that useful for finance at all, and are only really interesting for supply chain tracking, self-owning cars and self-refilling dishwashers and playing chess for money in a trust-free form, Ethereum will still be useful. However, there still are a substantial number of ways in which Ethereum is not nearly a

Special thanks to Gavin Wood, Vlad Zamfir, our security auditors and others for some of the thoughts that led to the conclusions described in this post One of Ethereum's goals from the start, and arguably its entire raison d'être, is the high degree of abstraction that the platform offers. Rather than limiting users to a specific set of transaction types and applications, the platform allows anyone to create any kind of blockchain application by writing a script and uploading it to the Ethereum blockchain. This gives an Ethereum a degree of future-proof-ness and neutrality much greater than th

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