Review on Ethereum by Tolulope Emmanuel Medayenu
Review on the decentralized Ethereum blockchain
The original founder of Ethereum Network is Vitalik Buterin and Gavin Hood, the teams that developed etthereum Network are Ethereum Foundation, Nether mind, OpenEthereum and Hyperledger.
Ethereum was initially released in July 2015 Ethereum is a decentralized and open-source blockchain that have a smart contract functionality, the native cryptocurrency of Ethereum is ETH that is being used on every market platform, when you look at the Crypto capitalization Ethereum have the highest after Bitcoin.
Ethereum allows creation and exchange of NFTS which are normally non-interchangeable tokens that are connected to digital works.
Ethereum Decentralized Finance(DeFi) applications also provide a broad and various of financial services which does not need for any typical financial intermediaries such as the exchanges, brokerages, or banks, which allows cryptocurrency traders to borrow for more assets against their holdings or lend them out for more interest.
Ethereum holds the future of Cryptocurrency and would keep on marginalizing.
- Ethereum has a decentralized application structure where users can interact
- Ethereum also provide the structure for users to borrow more Crypto currency against their holding and lend it out for more interest
- Many other Crypto currency are operating under the Ethereum Network
- Ethereum is still under the Bitcoin blockchain
