Review on Ethereum by Gabriel Medina

Name: Ethereum
Item: Ethereum
Rating: 5

July 16, 2020

The cryptocurrency of the experts

Ehtereum is the platform that moves crypto Ether. It was developed by the Russian Vitalik Buterin, unlike the creator of Bitcoin, who does not know who he is, this is a physical and identifiable person. The main objective of the Ethereum platform is smart contracts, which guarantee the fulfillment of an agreement safely and without the intervention of third parties.

Ethereum is quite different when it comes to the ability to process codes. What's new is that Ethereum works with full Turing (programming language). This allows the user to run the programs they want regardless of what language they are created in. In short, it works as a virtual machine to create applications, making the block system fast and efficient.

The technology behind this platform is the blockchain. A blockchain method that can be found in most virtual currencies. To be able to use this technology you need a good training.
﻿

Updated 4 years ago

Rating has not been changed

Ethereum is a solid project, implemented for the use of blockchain and cryptocurrencies in real environments.

How does it work?

Ethereum uses the decentralized concept to support the construction of apps through smart contracts. In short, it provides a kind of simple and accessible programming language.

Advantage:

It is one of the projects with the largest number of applications in the real world and its adoption proves it.

Its blockchain is quite fast and transactions can be configured through the price of GAS.

Smart contracts prevent tampering and make built applications very robust.

Third parties cannot make changes to the data, this is known as immutability.

It remains stable as the second most important cryptocurrency on the market.

Disadvantages:

Many criticize the fact that there are too many projects without foundation and value in this network.

Code based on smart contracts needs to be well written, otherwise there could be serious consequences.

The applications under this network could have scalability problems, because ETH makes calculations for each transaction or action of a Dapp.

Projects based on blockchain optimization and the use of smart contracts are becoming more and more common. This increases the competition for ETH.

Conclusion

It's a pretty strong project, with real and useful applications. Its price will respond to its adoption and market sentiment. Its future is unknown, but there are many reasons to believe that Ethereum has a long way to go. Its price will respond to its adoption and market sentiment. The fact that it is the support for other projects (hundreds of them), makes Ethereum a fairly consolidated project and with few options to disappear.
﻿

Updated 4 years ago

Rating has not been changed

Ethereum is a decentralized platform where you can create and host decentralized applications if you are a developer. Decentralized applications are powered by smart contracts, a novelty that allows operators to carry out transactions safely and reliably. Ethereum has proven to be dominating over time. Cryptocurrency always increases in value after a crash. However, to solidify and have a bright future, you need to improve your scalability and have a platform that can handle tons of requests per second.
﻿

Pros

They are not controlled by any central government
They are difficult to counterfeit
Open source system
Absence of intermediaries when making transactions

Cons

Less optimized
Many complaints about slowness of your crypto ETP
Problems with your roadmap design
There are no good tutorials for developers

New products

Comments (1)

Please, sign in to write a comment

Tosin Temitope

July 17, 2020

Ethereum is very important to developer because it makes them to issue and design cryptocurrency. The team behind the project are notable team because of their experiences in crypto world