That description is Bitcoin, Why do you answer if the question is about Ethereum wich is Turing complete LOL.
Ethereum is like if each envelope had written on it either the name of a box (recipient) or a program (also a recipient) and then said program will handle the enveloppe, and will do anything with said enveloppe based on it's programming.
I'm sorry you didn't like my comment. The question asked for responses that touched on other blockchain topics, and I clearly stated that I intended to describe Bitcoin only. Bitcoin and Ethereum are similar enough that a solid explanation of Bitcoin is a good foundation for understanding Ethereum.
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That description is Bitcoin, Why do you answer if the question is about Ethereum wich is Turing complete LOL.
Ethereum is like if each envelope had written on it either the name of a box (recipient) or a program (also a recipient) and then said program will handle the enveloppe, and will do anything with said enveloppe based on it's programming.
I'm sorry you didn't like my comment. The question asked for responses that touched on other blockchain topics, and I clearly stated that I intended to describe Bitcoin only. Bitcoin and Ethereum are similar enough that a solid explanation of Bitcoin is a good foundation for understanding Ethereum.