Review on Ethereum by Adedamola Adeniji
Ethereum the next big thing after Bitcoin
when talking about a cryptocurrency that has carve a niche for itself and built a reputation in the crypto world, Ethereum ranks high among the perk
It is the second largest cryptocurrency by market capitalization and second only to Bitcoin. Ethereum is a decentralized open block chain with smart contract functionality feature
Ethereum is the most widely used blockchain world over which operates on cross platform OS proposed in 2013 and went live on 30 July 2015, with 72 million coins premiered
The Ethereum Virtual Machine( EVM) as the capacity to execute Turing complete scripts and runs decentalized application
With Ethereum's current rising market value your next investment stop should be it because I am not going to miss this gold mine.
Updated 3 years ago
Rating changed from 4 to 5
When talking about leading Crypto project and currency Ethereum ranks second after the frontliner Bitcoin with market value of 313 billion
Its recent upgrade and market value rise has been the rave of the moment among cryptocurrencies enthusiast and traders. This is because it brings a fresh break and good news to all and sundry.
You will recall that before the recent upgrade Ethereum's transaction fees have not only been higher than other cryptocurrencies also paying a large sum to miners to process their transaction fees the very blaming factor for the hike.
However with the recent developments ETH network termed the Ethereum improvement protocol 1
Pros
- Ethereum runs without permission on a non hierarchy blocks arranged by the system. It can be used for sending and receiving values without oversight or any form interference from a third party.
- Ethereum provides financial services that cut across restrictions set up by traditional financial institutions.All you require to access Ethereum and it's Lending and borrowing plus savings product is an Internet connection.
Cons
- It needs to urgently hasten up the implementation of it's upgrade called Ethereum 2.0 with features like proof of stake and potential increase in transaction via sharing.
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Comments (2)
March 12, 2022
ETH I feel bad for everyone who bought. this is the crypto winter. wait like 2 years and it will start to recover but it has further to fall from here. $5000 by 2023? Good luck to buyers really testing the HODLers lets see this back to $3K plus already come on !!
January 06, 2021
Ethereum is second world widely known to bitcoin with full acceptance as a payment method and enormously still growing second cryptocurrency to bitcoin and extensively a fair and close substitute to bitcoin
