Review on Ethereum by Orlymar Córdova
one of the projects that has contributed the most to the world of cryptocurrencies
Ethereum is a global open source platform based on Blockchain. It was developed by Vitalik Buterin and came into effect on July 30, 2015. This platform offers tools to build decentralized applications of any kind. Unlike Bitcoin (where the platform and the currency are homonymous), the Ethereum system uses Ether (ETH) as a cryptocurrency, which can be used as a form of payment or as a store of value. It is currently the second most important currency on the market. Ethereum brought smart contracts to the market, which are computer programs that run on its network and enforce peer-to-peer agreements without being controlled by any third party, thus being able to register inviolable insurance contracts or financial products.
Ethereum, has developed its own coding language, Solidity. The ability of the Ethereum platform to create programs or applications of any kind, at any time, without the participation of intermediaries, and its easy accessibility, has allowed a wide range of services and institutions, including those that are not related to the decentralized finance sector (social networks, games, among others) use this platform.
Ethereum is one of the most solid projects on the market with high levels of decentralization, which has contributed very valuable cryptographic advances to the industry and is a bridge for many other projects that have been created through its platform by providing the mechanisms and tools. needed to even create your own tokens
Pros
- Ethereum presents all the benefits of blockchain technology, decentralized, transparent, free from fraud or third-party interference.
- Being more than just a coin, its programmable system allows developers to create various types of dApps every day, offering endless development possibilities.
- Being a global platform, it is available anywhere in the territory where you have internet access.
- The cryptocurrency Bitcoin is limited to 21 million units, however, the Ethers of the Ethereum platform are infinite.
Cons
- Transacting with ethereum is currently not profitable at all.
