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The concept of "Turing completeness" is pivotal in understanding the capabilities of various cryptocurrencies and blockchain technologies. This comprehensive guide aims to elucidate the nuances of Turing completeness, its relevance in the crypto space, and how it shapes the potential and limitations of blockchain technology.
Turing completeness, in the simplest terms, is a measure of the computational power of a system. A system is Turing complete if it can perform any computation that a universal Turing machine can, given enough time and memory.