kaal:claim:3782198-039

Ethereum is Turing complete in theory but cannot practically match even a cheap smartphone, because everything stored on the blockchain must be stored redundantly on thousands of nodes forever, so decentralized smart contract computation is necessarily primitive compared with centralized Web 2.0 services.

Source quote, verbatim

However, Ethereum is not practically capable of mimicking the power of even the cheapest smartphone. The storage limit is currently extremely small, because anything stored in the blockchain needs to be stored redundantly on thousands of nodes for all time in the future.

From

Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021), New tools: the Ethereum blockchain and smart contracts, p. 37
https://ssrn.com/abstract=3782198 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021). SSRN: https://ssrn.com/abstract=3782198

Holds when

applies to on chain computation and storage on general purpose blockchains

Classification

failuresupport: arguedfailure: on-chain-capacity-ceilingfamily: scalability-and-throughput-limitsmart-contracts

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