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Ethereum is about 1 million times less efficient for storage, network and computation

By | 2018-08-06T20:05:11+00:00 August 6th, 2018|Categories: blockchain, cryptocurrency, fintech, world|Tags: , , , , , , |

Blockchains are not for simple raw efficiency. The creator of Ethereum, Vitalik Buterin, explained how Ethereum is one million times less efficient than Amazon EC2 for computing, network and storage at this time. Ethereum World Computer Compared to Amazon EC2 Cloud prices Looking at Amazon EC2 (cloud) pricing. For medium scale computing the cost is 4 [...]

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