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Also it's built on top of Ethereum Virtual Machine. Quick look at http://ethdocs.org/en/latest/introduction/what-is-ethereum.h..., which calling that a VM from what I read isn't screaming VM to me, more like a distributed computing application.


Which sense of virtual machine do you mean? There are already at least two. One is a virtualization thing like VMware. Ethereum is not that. The other sense is a bytecode interpreter/compiler like the Java Virtual Machine. Ethereum is like that. Except that it duplicates computations across many physical machines.




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