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Review on Ethereum by todd douglas

Revainrating 3 out of 5

I've been using Ethereum for 4 years, here's what I learnt..

Ethereum is 2nd to none but Bitcoin.

Ether/eum is a cryptocurrency just like Bitcoin except it allows you to create tamper-proof contracts.

These contracts are used as proof of ownership in the same way that you and I would sign transfer papers to purchase/sell a vehicle.

These digital contracts are 'uploaded' into the Ethereum network and become a part of the blockchain.



I LIKE - digital ownership of the content I create and Ethereum makes that easy for me.

-The digital gold/iron age we live in, I like the new money!, Ether is accepted and valued as widely as Bitcoin,



I DISLIKE - it's slow and expensive









Pros
  • versatile
  • provides networks to securely store and exchange value and information.
Cons
  • transaction fees are very high

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