Ethereum has generated a lot of ink and produced many crypto-lucky ones (don't look for this word in the dictionary 😉). We think we know everything, but what do you actually know about the Ethereum project? An insight into a long-standing project that continues to perform 👏👏👏
A classic project that has exploded
Ethereum is known for NFTs (Non-Fungible Tokens), and that's the goal: creators wanted to centralize the smart contracts and decentralized applications (DApps), like a hub. Once in the system, developers are free to unleash their creativity. Its success also lies in its unique programming language, Solidity. Close to JavaScript and C++, it has propelled the Ethereum ecosystem among developers despite its above-average fees.
Solidity is a programming language specifically designed to write and implement smart contracts on the Ethereum blockchain. It was proposed in 2014 by Gavin Wood and developed by Christian Reitwiessner and other Blockchain developers.
To date, Ethereum has recorded interesting scores against Bitcoin, and has ultimately become a popular dragon of the cryptosphere.
Our recommendation? Buy Ethereum, you will still have great surprises👍😋💰.
What to remember?
Ethereum remains one of the most fundamental and robust projects, but to invest or use it, it is essential to understand its logic, roadmap, and risks.
💡Your cheat sheet
👉 Goal: Ethereum aims to be a universal platform for smart contracts and decentralized applications (DApps), allowing developers to create financial services, games, NFTs, etc.
👉 Technology: Ethereum uses the Solidity language to program smart contracts.
👉 Strengths: large community, maturity, numerous audits, many DeFi applications, security.
👉 Limitations: high transaction fees (gas), scalability, reliance on oracles for certain external data.
👉 Ethereum remains reliable and robust, provided you understand its ecosystem before investing or using it.