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Review on Ethereum by nef prodek

Revainrating 4 out of 5

Ethereum

I use Ethereum since 2016. First what I noticed was that I can't use official client because it doesn't work good and I should use some other client, that's dissapointing. There are lot of clients which I didn't have problems with like: Metamask or MyEtherWallet (but only using it in offline wersion, there is also problem with MEW to make safe transactions that it is tedious and takes a lot of time if you use offline generated txs).
Ethereum as a platform to store/create tokens it's not good but there are simpler and more comfortable ways like Waves where it's much more newbie friendly (maybe there are some simple ways to create ERC-20 or other Ethereum tokens which doesn't need to know basics of solidity but I don't know any).
There are problems with Ethereum that there still can be problems with filled mempool so fees for txs can be artificially inflated.
Another problem is that there are many scam projects which uses Ethereum as it's platform and there should be some easy way to find out which project is trusted and which could be scam.
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Updated 5 years ago
Rating has not been changed
I think wallets like metamask should work like tronlink. If you want to use some dapp many times in some time (like many times in 1 hour) you confirm it only once. This could help this network to get new users.

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Pros
  • Fast transaction confirmation if mempool isn't filled
  • Cheap transactions
  • Big network which means it's much decentralized
  • Lot of usefull projects which uses Ethereum as a platform for it's tokens
  • Lot of helpfull tutorials how to use it
  • Lot of independent developers make their own clients to use Ethereum
  • There are new projects/tokens/dapps everyday
  • POW consensus in big decentralized network reduces the risk of 51% attack
Cons
  • Official Ethereum wallet is disastrous
  • Creating ERC-20 tokens isn't simple to create it by newbies
  • There are still scalability problems if there is too too much transactions in network, mempool sometimes is filled
  • Full node takes too much place on hard drive
  • There are lot of scam tokens/projects/dapps
  • POW consensus consumes a lot of resources

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