Review on Ethereum by Davis Marvel O'cho
Ethereum’s goal is to extend the disintermediation principle introduced by Bitcoin to the wider economy. The creation of decentralized applications must make it possible to do without intermediaries in all sectors of activity
Ethereum is considered the second cryptocurrency on the market in terms of capitalization. Currently, its market capitalization is approximately 2.78 million btc. As for the price of ETH, it is trading at more than $ 193 at the time of writing this review. Ethereum’s network works almost the same as Bitcoin’s. It uses blockchain technology to provide management and security for the ethers database in which transactions are recorded. The difference is that Ethers can be used to run DApps or decentralized applications.
Pros
- A programming language which is specific to it and which makes it possible to design applications which will also be decentralized.
- Ethereum blockchain is Turing-complete and offers almost endless possibilities to developers
- Very large community and the brilliant figure of Vitalik Buterin
- Ethereum has already received projects from major economic and financial institutions, such as the Commonwealth Bank of Australia or the giant Axa
Cons
- Many scalability problems
- Solidity language is complex and requires new learning from developers
