Review on Ethereum by JB CRYPTO
A future in Ethereum
Ethereum is a platform founded on July 30, 2015 by 3 professional developers such as Gavin Wood, JeffRey Wilcke, heikoheiko.
Ethereum is a blockchain of many that exist, it is the second most used after the cryptocurrency Bitcoin. Ethereum is said to be like a Blockchain computer.What does this mean?
It means that Ethereum is a platform that offers various services such as: digital tokens, smart contracts, decentralized applications etc. This is best for people programmers who have endless things to do.
Ethereum creates codes that control the digital value, which they can execute as programmed anywhere in the world.
What would an open source be?
A code is the whole set with which information systems are made, in other words it is what makes every application / program work as it should, when they refer to code it is open, it means that anyone can modify it. public permission on a software.
What would a global platform be?
It is a system that has a place on the internet web, which only exists in the virtual world, it is said global because any country in the world that has access to the internet has access to the platform.
Ethereum is being used by thousands of programmers who can create their projects there, the good thing about this is that we can use them all without any kind of problem, for example:
° Cryptocurrency wallets that allow quick and inexpensive payments.
° Games, even that there are possibilities of winning real money
How is it working?
It is a basic operation in a decentralized way through a virtual machine similar to a VPS, called “Ethereum Virtual Machine” (EVM) this machine is the one that is responsible for executing the LISP, assembler and bitcoin script codes.
It does not have a point of failure since it is executed daily by thousands of users, which means that it can never be disconnected, it is totally independent, that is, it is not controlled by anyone in particular.
To conclude, it is important to bear in mind that Bitcoin and Ethereum are 2 totally different platforms in themselves, with different objectives. It can be used to create financial applications safely without any inconvenience, since it also offers cryptographic security to use properties and contracts. Bitcoin is the first cryptocurrency to have a virtual money transfer system built and secure thanks to the given technology called BlockChain.
Pros
- Lets you flip your own coin
- You can create any type of action on the platform such as companies, etc.
- The personal information of users who turn to Ethereum are not at risk
- It is reliable and safe
Cons
- It is made as a platform, not as a virtual currency, it means that other Blockchains are sometimes more effective.
