An analysis of 7,020,950 NFT transactions on the Ethereum blockchain

Re:An analysis of 7,020,950 NFT transactions on the Ethereum... by kwertyoowiyop on Sunday October 24, 2021 @08:45AM (#28977383)

I’m so torn regarding Ethereum. On the one hand, there’s so little actual usefulness - it’s all novelty and wild experimentation. But on the other hand, isn’t this similar to when people first got PCs, with 4K RAM and cassette drives, and nobody knew what practical use they could ever have? The most popular and valuable use for Ethereum probably hasn’t yet been discovered.

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Re:An analysis of 7,020,950 NFT transactions on the Ethereum... by matheusmoreira on Sunday October 24, 2021 @09:17AM (#28977621)

It's not very useful right now because the Ethereum Virtual Machine has no I/O. It only works with data from its own blockchain. There's some projects trying to bridge that gap and bring real world data to the virtual machine but so far nothing's materialized yet.

I remain hopeful it will turn into something amazing in the future. It's much better technology compared to BTC which does pretty much nothing right.

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Re:An analysis of 7,020,950 NFT transactions on the Ethereum... by proto-n on Sunday October 24, 2021 @10:03AM (#28977978)

Apologies if I'm mistaken, but isn't chainlink a solution to the input part of I/O? Or is that what you meant by projects trying to solve the problem?

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Re:An analysis of 7,020,950 NFT transactions on the Ethereum... by matheusmoreira on Sunday October 24, 2021 @10:38AM (#28978311)

Yes, that's what I meant. Their aim is to bring real world data to smart contracts such as "package has arrived". Not sure if chainlink has actually achieved anything concrete though.

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