Review on Ethereum by Victor Ivoke
Why I like Ethereum..
Ethereum was my first blockchain platform for development and I just loved it. Due to existing community support, it’s very easy to learn and with the help of various plugins you can simulate the whole process of transacting ethers (crypto-currency).
Pros
- Vested interest from famous Venture Capitalists: Marquee VC funds and angels have backed up the Ethereum network directly or indirectly by investing in projects and companies that rely or are built on top of ETH. For instance, CryptoKitties, the ethereum based virtual game has fetched funding amounting to $12 million. Investors included big names like Andreessen Horowitz and Union Square Ventures (top 2 venture capital firms), Naval Ravikant (the founder of AngelList), Fred Ehrsam (former co-founder of Coinbase) etc. The funding attracted by ERC20 tokens has already been discussed in detail above.
Cons
- Market Hoaxes: Cryptocurrencies are super-volatile and are affected profoundly by market rumours. A recent hoax about the death of Vitalik led to a $4 billion selloff. This raises the question that is Ethereum too dependent on its mercurial founder?
