I'm still trying to understand how the whole system works. It appears to be groundbreaking but I'm not really sure. The last sentence in the document should catch your interest:
"As a result, we have a cryptocurrency protocol whose codebase is very small, and yet which can do anything that any cryptocurrency will ever be able to do."
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I'm still trying to understand how the whole system works. It appears to be groundbreaking but I'm not really sure. The last sentence in the document should catch your interest:
"As a result, we have a cryptocurrency protocol whose codebase is very small, and yet which can do anything that any cryptocurrency will ever be able to do."
Denomination is a wei. Weis are tied to compute jobs, basically. It's a distributed computing network/server with built-in trust. Holy shit.
Unless one considers the lack of Turing-completeness to be a feature (as Bitcoin apparently does, pointed out in a few other comments here).
it mentions the ability to create subcurrencies, so probably you could create a subcurrency that isn't Turing complete?