Review on Ethereum by sophia sohka
decentralized network!
This cryptocurrency is an open source and programmable software development platform that allows everyone to develop and build decentralized applications based on blockchain technology. Another feature of ethereum is that all transactions and transactions in it are done individually, thus enabling the implementation of Smart Contracts or Distributed Autonomous Applications without the need for institutional, government or government oversight. There is a special group.
The main purpose of ethereum is to decentralize the Internet! Such a system requires a financial unit to be able to operate in order to cover the costs of computing resources or running programs. That's why a digital currency called ether is used.
The feature of this digital currency is that it does not need a third party (third party) to make all kinds of payments, and therefore it is used in the ethereum network to produce decentralized programs. The use of smart contracts is to eliminate blockchain network problems and errors. These contracts can make it easy to exchange money, stocks, content, real estate or anything of value. Among the most important advantages of the Atrium network are the prevention of manipulation of contracts and exchanges, the prevention of fraud and the prevention of any interference by a third party in the implementation of a process.
Pros
- You do not need a third party to make all kinds of payments
Cons
- It is much less valuable than Bitcoin
