Review on Ethereum by Sergio Daniel Delgado
Ethereum analysis
Ethereum was born with the idea of complementing the functions of Bitcoin and improving them. However, its fundamental objective, unlike BTC, is not to become a replacement for fiat money.
On the contrary, Ethereum tries above all to be a platform for the realization of smart contracts. Using the ETH Blockchain, users and organizations can carry out broadcasts of their own tokens
Thus, tokens can be created quickly and easily within the Ethereum ecosystem. In exchange, only a small fee should be paid for the transactions made. This facilitates creation both decentralized applications and Initial Coin Offerings (ICO).
However, just as Ethereum has many successes on its way, it also has difficult problems to solve. The main two of them, their scalability problem, and dependency regarding the Bitcoins market.
The first of these problems, as in the case of Bitcoin, arises from its own popularity. As ETH becomes more popular, and its use becomes more widespread, its Blockchain also becomes It massifies its use, its Blockchain also becomes slower.
This leads to the generation of bottlenecks that slow down the process of using the platform. However, a cryptocurrency update was recently announced for solve these problems. Therefore, the performance of Ethereum in this regard is expected to improve soon.
The second problem is more difficult to solve. As demonstrated by the last collapse of the price of Bitcoin which dragged all altcoins with it, including ETH. This decline is even more tragic in that Ethereum had been experiencing an upward rally in its price up to that point.
Pros
- In perspective, no doubt since its launch in 2015, Ethereum has been a real hit in the crypto world. And it is only necessary to see its position as the second cryptocurrency in the world by market capitalization to realize this. ETH is currently the reference instrument when creating decentralized applications and smart contracts. It has a vibrant community full of activity and developers. And a reputation for earning seriousness among cryptocurrencies.
- Currently it has many exchanges for its commercialization in addition to multiple wallets where it is available.
Cons
- Some projects related to this currency are a scam
