Review on Ethereum by Danh Huỳnh Ngọc Công
Ethereum is regarded as one of the biggest success of the blockchain industry…
Ethereum is regarded as one of the biggest success of the blockchain industry which has changed and oriented the other projects. With many great solutions and advantages, Vitalik's invention has been a great victory for the blockchain enthusiasts. Although low transactions speed or the manipulation of the price are very critical, the great support of the community behind it will result in big evolution that can be predicted in the future
Updated 5 years ago
Rating changed from 5 to 4
- Investment aspect: Ethereum is one of cryptocurrencies used for crowdfunding; therefore, its price may be affected significantly once the projects owners dump their bags
Pros
- - Ethereum has a very strong development team coming from every corner of the world who monthly hold conferences, meetups, hackathon, and contests to improve the network - The infrastructure built for decentralized economies of Ethereum is a unique cutting-edge innovation that has changed the operation of the current global business - The consensus algorithm used on Ethereum is the wild card for security making it one of the most immutable blockchain that ever exists - Having great operation efficiency, Ethereum has been used for many industries and successfully helped to raise a lot of funds - There is a huge community that always support the development of this blockchain
Cons
- - The transaction speed of Ethereum is 18 tx/s making it a big minus for the competition with other blockchains nowadays - The conversion to PoS has been slowed down for a while so there are many questions considering the ride on the roadmap - Vitalik - The founder of Ethereum has big influence on it so this seems that price maybe manipulated easily
New products
Comments (5)
June 06, 2020
The Ethereum system has some of the greatest developers in the cryptocurrency industry. They are working on new protocols to fight against some current disadvantages and ensure their future at all.
May 10, 2020
Ethereum though is store of value and can also be seen as means of exchange but it does more than that, it is upon its smart contract that all erc 20 tokens are built, that is why it is very popular among the altcoins.
