Smart contract platforms like Ethereum should not be compared to operating systems but rather to programming languages Give reasons

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Smart contract platforms like Ethereum should not be compared to operating systems, but rather to programming languages. Give reasons.

Ethereum in Blockchain and crypto.

Asked On2022-06-24 16:11:16 by:Glory

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Market prices imply that Ethereum has a strong network effect. Ethereum presents itself as the “world computer,” which naturally begs for OS-like analogies: the more developers use Ethereum, the more users will want Ether, which encourages more developers, etc.

This analogy doesn’t capture the nuance of the dynamics at play. Smart contract platforms like Ethereum should not be compared to operating systems, but rather to programming languages.

Specifically, the OS analogy misrepresents the network effects for the supply side (why should developers choose Ethereum) and demand side (why should users buy Ether). Concerns about network security are valid, but can be largely mitigated through cross-chain anchoring.

Answerd on:2022-07-02 Answerd By:Glory

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Smart contract platforms like Ethereum should not be compared to operating systems, but rather to programming languages. Give reasons.

Ethereum in Blockchain and crypto.

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