Review on Ethereum by saly raybon
Ethereum
In fact, Ethereum is the second generation of digital currencies. The new currency was created with the aim of streamlining processes and creating a space for the implementation of decentralized and automated programs. Ethereum entered digital currencies on July 30, 2015, under the direction of 23-year-old Russian vitalik buterin. Bitcoin blockchain is used to track the ownership of digital currency - Bitcoin. But Ethereum's blockchain is designed to run decentralized programming codes.
Like Bitcoin, Ethereum is a publicly distributed blockchain. Although there are many technical differences between the two, the most important is the difference between the two goals and their capabilities. In Ethereum blockchain, instead of working to extract bitcoins, miners work for an encrypted digital currency called Ether, which provides the network.
Ether is a commercial and portable digital currency that is used by software developers to pay for transaction software.
The Ethereum platform enables developers to create and launch decentralized applications. A decentralized program, or Dapp for short, can perform a specific operation without the need for intermediaries and through mass distribution. Bitcoin, for example, is a Dapp where users can transfer digital assets called bitcoins to peers.
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Pros
- smart contracts
- Impenetrable and intrusive
Cons
- Implementation costs
