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/g/ this is cryptocurrency related but its about the technology behind it and not the business so i think it fits better here than in /biz/
So i think i can understand superficially how bitcoin works, its simply a ledger where unspent balances are kept, but reading about ETH and smart contracts it went way above my head, i read something about a DAO theft, and scape podes and attack contracts and i felt really dumb.
So could anyone explain eth vs bitcoin for me?
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>>62050126
Firstly, are you retarded? read the documentation
BTC blockchain is a tree like data structure in which each block (aka node in the tree) can record a fixed number of transactions. If you know anything about CS you would know this is incredibly inefficient and not scalable. Hence the need for something like the proposed lightning network to record transactions off the primary blockchain.
ETH blockchain has a similar structure except a block can also record the processing of smart contracts, which are scripts written in Solidity. This again is inefficient from a CS perspective and what is even worse is that you have to pay more ethereum (gas) the more processing the smart contract requires.
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>>62051076
>Off the block chain
Literally Jewry. They're centralizing to give a return to their investors.
What Bitcoin didn't want.
Btc is dead to me. It's now centralized.
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>>62051076
What would be a efficient way to do it?
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>>62051076
>tree like data structure
What's at the root?
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>>62052856
>guise ignore how current mining it's dominated by two or three companies in China
kys jihan shill
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>>62053501
genesis block is at the root
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