Review on Ethereum by Obanla Adedotun
Ethereum in one piece
Ethereum represents an open software platform that allows a user to develop applications, to build them, and extend the developed decentralized applications on the platform.Etherum allows people to combine without a central authority that acts as a middleman. It studies as a genuinely transformational platform with numerous possibilities to develop applications that are yet to be caught or created.
Pros
- Ethereum’s high security, acceptance, and authenticity across the crypto universe make for the market at large to derive the different virtues this blockchain network has to offer.
- Buterin’s enthusiastic support and participation in the environment of cryptocurrencies and transactions that occur in the network confers a high agreement of reliability to the system he originated.
- Notable Venture Capitalists back Ethererum with the fact that it carries elements like the dApps, decentralized autonomous organizations (DAOs), as well as the blockchain smart contracts, which make it profoundly operative and useful blockchain for work. Ethereum has accuracy and reliability in regulatory responsibilities as well, making it independent of acknowledging regulations put in place for securities.
Cons
- A lengthy reputation of delay in the process has influenced the activity and status of the network. Ethereum has to face the new competitions that rise in the market about the developing grounds in the cryptocurrency universe.
- There is a contemplation among the masses that there is an excessive dependence on Buterin’s fame. The extreme devotion and dependency on Buterin’s actions and the liability of what his image has led to disruptions with every censored rumor that goes around, thus affecting ethereum’s application.
