![]() And the UTM is nothing more than a Turing machine that simulates an arbitrary Turing machine on arbitrary input. Despite its simplicity, the machine can simulate any computer algorithm, no matter how complicated it is. Simply put, a Turing machine is a hypothetical machine invented by the mathematician Alan Turing in 1936. Technically speaking, Ethereum has been designed from the beginning as “ a platform for the deployment and execution of smart contracts”.Įthereum’s Turing-complete language is originally based on Alan Turing’s concept of an Universal Turing machine (UTM). This means that there are many applications that can be programmed on Ethereum by developers, but not on Bitcoin. Well, Bitcoin has limited support for smart contracts since its scripting language is non-Turing-complete, in part due to its lack of loops. Okay, understood, but what does that mean exactly? The original motivation for Ethereum actually stems from Bitcoin’s scripting limitations, which provide limited support for smart contracts. In the second part it gets more technical: not only will he explain what a Smart Contract is, but also show you how to set one up in a tutorial.Īt the core of the Ethereum blockchain lies the concept of smart contracts. Editors note: In the first part of our blockchain blogs Pascal wrote about dApps and the basics of blockchain technology.
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