Review on Ethereum by Douglas Cachazo

Name: Ethereum
Item: Ethereum
Rating: 5

July 21, 2020

Ethereum ETH: It is not just a cryptocurrency, it is a whole technological platform with a future vision.

Since the appearance of cryptocurrencies I have always followed the subject with great interest, I think that if ethereum had appeared on the scene first,  today Ethereum cryptocurrency would be the queen, Many people think that ethereum is only a cryptocurrency, but it is not, it is all a technological platform based on the Blockchain. I consider that since cryptocurrencies appeared at the beginning the boom and growth was exponential, The first ones took a high value, then came in a fall, later the recovery came and each one has currently recovered ground but moving its value in bands with maximums and minimums very small, I think the new cryptographic technology stalled for a long time, until the Etherum platform launched the concept of the token, something that for me is great and exciting,
The Ethereum platform comes out of stagnation and the called ether token arise, which is nothing more than a cryptocurrency for internal use, externally it will be called ethereum. This new innovation will continue to grow and I predict a successful future, I repeat the concept of having actions called tokens on projects or companies seems great to me. 
The blockchain platform Ethereum was chosen to Tokenize the rewards of the Reddit social network. This says a lot about your near future, I am sure that the value of your cryptocurrency and your ether token will have a sustained upward trend, despite the issue of coronavirus. 
On the other hand many complain that it is a slow platform, however recently after many announcements and delays its protocol is being updated which will make your platform faster. It will surely increase the cost of transactions, but making an analogy if you want to have a good and luxurious car, it is logical that its maintenance will be more expensive. 
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Updated 3 years ago

Rating changed from 4 to 5

Update ethereum review
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Undoubtedly the title of my first review was right, I warned that ethereum was not just another cryptocurrency, it was a great platform with a vision of the future, at the time of writing my first review about the ethereum platform, I did not give much importance to the smart contracts in which the Ethereum platform made its most important innovation and it was precisely to use programming languages to create clauses or written agreements between two parties without the intervention of third parties, based on the blockchain where there is the security that the contracts are unique and impossible to modify, with the great importance that both parties are obliged to respect what was agreed and today is what we know as smart contracts, something that brought a world to the blockchain. 
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That step gave a whole opening the creation of a series of decentralized applications called DEFI, every day a new one comes out, a really exponential growth, given that other blockchains adopted their own versions of smart contracts gives greater importance to its introduction, and so much so that powerful economic groups that have been faithful to their concept of FIAT currency and in many cases skeptical of cryptocurrencies are already investing in blockchain developments attracted by the versatility of smart contracts,  citing the cases of JP MORGAN and WELL FARGO among others who have invested to develop financial tools based on smart contracts, in the case of J P MORGAN they created their own blockchain but based on the Ethereum blockchain, Well Fargo also uses its own blockchain but always based on the concept of smart contracts.  
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Despite the success and great impact Ethereum is currently facing problems such as scalability and high transaction fees within its blockchain, not to mention its cumbersome and anti-ecological mining.  
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That is why it is working hard on the new version, so to speak, of the new Ethereun 2 platform, which seeks to solve the problems of the past, 
As a starting point ethereun takes a very important step on the way to the new platform and currency ethereum 2 in what will undoubtedly be the best platform of the blockchain, high liquidity, non-inflationary currency, low commissions, high transaction speeds and if that were not enough ecological mining based on the mastes nodes. Undoubtedly it is not a panacea and a reality already palpable that begins with the implementation of the new mechanism EIP-1559 which seeks to lower transactions and burn Ethereun with a view to making the currency non-inflationary, a good step on the way to the new Proof-of-Stake protocol also called PoS.  
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On a personal level I must confess that I have not been a consistent investor in ethereum, I have had low profits in trading with that currency, and acting as a holder (that is to maintain an amount for a long period of time) has been worse, much more profitable has been to invest in the queen but as a holder. In fact I hardly use the coin due to the high commissions of its blockchain, very high.  
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While it is true that with the implementation of the EIP-1559 there was a rebound in the value of Ethereum, I consider that it was rather due to the recovery of Bitcoin, which was beneficial for almost all cryptocurrencies, and it is something that is palpable, the queen falls and with them all and the reverse, if it goes up they all go up. 
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However before the new scenario of the ethereum 2 super platform I do not doubt that the gap between the two currencies is shortened and may end up imposing the ethereun, but there have been many delays in their work path, reprogramming on several occasions and that is understandable, remember that the ethereum chain is open source and each development is subject to consensus, each version is improved by the same community , finally expect a full operational platform for the year 2023, far in my opinion since emerged interesting chains like Hyperledger that adopt versatile smart contracts and in its blockchain already accounts with many of the improvements that are announced with the new Ethereum 2 platform, that chain and others for 2023 will already have several steps ahead, as they say over there, it will dawn and we will see.
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