As you probably know, Ethereum is the second of the world’s biggest cryptocurrencies. It was launched in 2015 and its success is growing. Here are some things that apply to the advantage of Ethereum and why some people see it as a better option from bitcoin.
- Ethereum has a high “immune” system where a third party can’t make changes to any data.
- It has proven itself that is corruption free because of the impossibility to make any censorship.
- Apps connected to Ethereum rarely, almost never go down and cannot be shut down.
- You can use Ethereum for fundraising with the use of smart contracts for various projects.
- Ethereum has no limit in Megabytes
- It is easier to mine Ether tokens, it takes about 14 seconds compared to bitcoin where it takes longer than 4 hours
- The algorithm that is used to mine Ether tokens is called “ proof of work” and successfully avoids hacker attacks.
Still, the question about whether Ethereum can overtake Bitcoin at some point is a fierce debate which I think will continue to develop more in the year 2018. All in all, Ethereum has a massive potential, especially because Vitalik Buterin, its founder, is working hard on making it mainstream.
If you want to find out more about the advantages Ethereum has you can check the link below:
https://dcforecasts.com/ethereum
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