Review on Ethereum by Mayra Coba

Name: Ethereum
Item: Ethereum
Rating: 4

September 05, 2020

The second most important cryptocurrency on the market

This project is one of the most advanced in the world of cryptocurrencies, it is developed by applications through smart contracts.

Things you should know about Ethereum:

It does not compete with bitcoin, it is completely different.

It is consolidated as the second most important cryptocurrency in the market.

With its popularity it has been adopted and as there are many methods to buy Ethereum in a totally easy way. 
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As an objective, it has the pleasure of developing commercial applications, in addition to being able to provide decentralization in everything that is technological, financial and also entrepreneurship. It has many additional features, is open source, and allows developers to build and deploy decentralized applications.
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Pros

It is a project with a lot of applications and it has been demonstrated with its adoption in the real world.
The blockchain is fast as are the transactions that are configurable.
Use smart contracts, a method to avoid problems and this makes everything more robust.
It is impossible for third parties to change data, so you have immutability.
Always stable as the second most important cryptocurrency.

Cons

Very common in the market and this results in a lot of competition.
There are scalability issues in applications.
There are too many projects that have no foundation whatsoever with the Ethereum network.
Smart contracts have a code that must be written in a good way because otherwise it could cause chaos.