Review on Ethereum by Yosmelia G.O
Etherum
ETHEREUM is a distributed application platform, it is a cryptocurrency used by clients of the Ethereum platform to make payments to other people, which ensures that developers write quality applications and that the network remains healthy people are rewarded for the resources provided, ETHEREUM moves far beyond currencies, it has the potential to substantially increase the efficiency of the computing industries and provide a huge boost to other protocols for the first time evolved an economic layer. It can also be built on top of the platform, with much more power than that offered by the Bitcoin script due to the added power of full turing. Ethereum can do much more is programmable which means developers can use it to create new types of applications. They get the benefits of cryptocurrencies and Blockchain technology is reliable and predictable, they can control digital assets to create new types of financial applications, cryptocurrency wallets that allow you to make instant cheap payments that uses strong crypto to secure transactions, ETHERUM is decentralizing the wed by introducing four components as part of your wed's roadmap. users' personal information is not at risk on this platform their information and their funds remain confidential, it has the ability to reduce costs, Ensuring transparency and trust between smart contract interactions also allows developers to create different decentralized markets, store debt records or promises to pay transfer funds with prior instructions. Used as an internal currency, these open source contracts can be used to securely execute a wide variety of services, financial exchange voting system
Pros
- One of the advantages that this platform offers us is to eliminate bureaucratic obstacles and allow users to interact with each other directly.
Cons
- None.
