Review on Ethereum by Andreina valenzuela
Ethereum is a great platform that uses Ether as currency
Ethereum is a platform that has a currency called Ether which needs Gas to be made. This has the particularity of having smart contracts which are invariable and inflexible. The Ethereum platform is one of the platforms most used by programmers for the creation of other platforms. It does not have a limit amount of Ethers that is to say that the amount of Ethers that can be produced or mined is unlimited.
Pros
- It has high security since each node that is stored in the blockchain is 51% verified, making it more secure against any pirate attack. This platform is based on smart contracts which are invariable and inflexible. It is a de-centralized and dehumanized network. The coding language is called Solidity. Ether is the name of the digital currency made on the Ethereum platform. Mining is what produces the Ethers, this has a reward of $ 5 per block mined. Ethers are not limited to a certain amount like Bitcoins with about 21 million of them. This platform can make 3 Ethers every 15 sec. Ethereum is a global access platform
Cons
- The biggest drawback to the Ethereum platform is what makes it unique. They are smart contracts because they are documents made by people there is a risk that they have errors and therefore if they have errors they cannot be used since these contracts are invariable
