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Vitalik Buterin
Vitalik Buterin is the founder and chief scientist at Ethereum. He discusses the nascent field of Cryptoeconomics, the best analogy for understanding the Blockchain, why belief in progress is our most useful delusion.
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On blockchain as a ‘world computer’
- A Blockchain, as a whole, functions like a computer. It has a hard drive and stores on it what all the accounts are.
- It stores the code of all the smart contracts, and what the memory of all the smart contracts are. It accepts incoming instructions that are signed transactions sent by many different users and process them based on a set of rules.
- On a Blockchain, you can build anything you can build on a computer. But it also provides additional trust guarantees that the computer will run in the way you expect it to run.
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On Ethereum community
There are different circles in the Ethereum community, some overlapping, some not.
You could be a full-time employee of the Ethereum Foundation or its outpost in Singapore. You could be a groupie, someone who has intellectual ideas and hangs out with us. You could be part of Ethereum while being part of a structured team. You could be part of it as a single person working at home, or you could be part of it as a member of a traditional, large corporation.
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On future breakthroughs
Scalability can increase the capacity of Ethereum blockchain and become substantially cheaper and more ready for mainstream use.
User experience could be another breakthrough in terms of using the blockchain, not being as clunky and security.
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