Conventional Versus Blockchain Operating Systems: Ethereum’s Capabilities and Current Limitations
Widespread Adoption Upon the Horizon
Blockchain technology has revolutionized many sectors of industry worldwide, so much so that multi-billion dollar corporations like Facebook are allocating upwards of $50 million USD to a task force solely dedicated to improving their social media service through integrating a blockchain-operated metaverse. Widespread adoption once considered a distant dream to crypto enthusiasts, is now reaching its fruition, indicated by countless institutional blue-chip cryptocurrency investment holdings, billionaires like Kevin O’Leary declaring that he has more capital invested in crypto than he does gold, amongst other exciting market indicators.
However, while widespread adoption may be upon us, very few cryptocurrencies will hit the spotlight early on in this uprising. Ethereum, which holds the largest Network Effect in all of cryptocurrency, is the blockchain that is first on one’s mind when thinking of globalized usage of cryptocurrency through smart contract capabilities.
Ethereum Holds the Users but Lacks the Capabilities
Ethereum, however, lacks a Blockchain Operating System (OS), namely the Ethereum Virtual Machine (EVM), that can match the functionalities required for Ethereum to be utilized for global financial and alternative contractual means. That is why we at ParaState have created the new age of Blockchain OS for Ethereum, one that can provide the smart contract complexity, cost-effectiveness, and interoperability required for widespread usage amongst the global population (see article here to understand how ParaState’s OS toolsets work).
Now, with all of this said, we should know what a blockchain OS is, and what it provides in comparison to conventional OS (ie. Windows, Mac) if we are to know why the blockchain OS is destined to replace these legacy technologies.
Blockchain Versus Conventional Operating Systems: What’s the Difference?
To be concise upon these definitions, a conventional OS like Windows simply connects software development and utilization (ie. Video game/movie you are downloading) directly to your PC’s hardware, so that your PC’s processing power can actually run the software. A Blockchain OS does something similar, where it connects blockchain-compatible software (called DApps) directly to a decentralized supercomputer, which is essentially what a Blockchain is.
So now that we understand the separate definitions of these OS, why exactly would Tier 1 institutions seek to run their programs through the blockchain rather than through their centralized hardware?
Blockchain Provides Outmatched Safety Assurances
First, conventional OS requires that all software is stored in a central hardware storage device, or a centralized server online (ie. OneDrive, iCloud). In either case, these centralized servers are susceptible to elaborate hack attacks, as their information is often stored in only one or at most a couple of digital locations. In contrast, storing and running DApps on the blockchain means that a collection of people who hold a stake in the blockchain, individually called nodes, validate the activities on the blockchain by allocating their computing power to run algorithms to verify all movement within it. This mechanism is known as decentralized peer-to-peer validation, and it is the pinnacle for the safety of anyone’s data or software, and essentially means that no financial or alternative program can be maliciously attacked on the blockchain, whereas a centralized server will always run that risk no matter how strong their malware is.
Assurance of Legitimacy Versus Trust in the Company
Second, since the blockchain is implemented with open-source software. Openness is what creates blockchain’s security and reliability. Blockchain’s transparency makes DApps running on it to be able to be audited by world-leading coders across the globe, thereby ensuring ongoing legitimacy of the DApp’s underlying code and functionality. This contrasts software on a centralized server that one uses (ie. Facebook) where the only way you know of its legitimacy is through the hopefully truthful attestations made by the company itself.
Storage and Processing Capabilities No Longer Limits Software Utilization
Third, as the blockchain runs as a decentralized supercomputer, the limitation of hardware space for one’s applications completely diminishes! This is because, for conventional software, it must be stored on your hardware, and therefore your storage capacity, as well as your overall PC processing capabilities, limits the ability for that software to be able to run through your OS. In contrast, DApps are stored on the blockchain which has, for all intent and purposes, nearly limitless storage that can increase further over time with increasing usage and node validation within it.
While we understand that this article may have not been the easiest read for those not already acquainted with blockchain technology and its underlying terminology, we hope that you got the overlying idea that Blockchain OS have amenities for their users that simply cannot be replicated by the conventional OS. When looking for the new age of Blockchain OS, research the most widely used smart contract-based blockchain, Ethereum, and learn of its limitations behind the EVM. From there, go to our website, as we at ParaState have created the infrastructure necessary to revolutionize Ethereum, by making an OS that finally solves the numerous problems inherent to the EVM.