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Review on Ethereum by wilfredo faria
Ethereum
Ethereum was created by Vitalik Buterin, in 2015 it is an Open Source platform very different from the others, for blockchains just like bitcoins. considering that ethereum can do much more than other pages or competition. In its system, ethereum gives developers the option for a better facility to create more applications to better help users since its system is programmable taking the action of creating software to have a good management of transitions and automate a certain result. Where this software is known as a smart contract. except that with traditional or normal contracts you have the description of the terms and of the approach and rules of an application, unlike a smart contract that makes everything easier for the ethereum user where the software makes sure that all the proposed terms are fully complied with, writing them in codes. having a program that automatically executes the contract once the predefined conditions are met, thus eliminating any delay that the manual agreement or contract has taking into account that the smart contract is something new and some errors can occur in the contract that does not help much to the user but as this method of contract is very new there are still errors that must be fixed for a better service to the ethereum user. This decentralized application or as it is called by its abbreviation dapps gets the benefits of the average cryptocurrencies of blockchain technology.
Pros
- it has no limit on its cryptocurrency which is ether. the system is better and easier for the user.
Cons
- You may have a flaw in your smart contract as this is a very new method and has its flaws.
