RE: What Are The Advantages And Disadvantages of Ethereum’s Blockchain Architecture?
Bottom dollar: Ethereum is a platform, and thus will never be seen as efficient asother faster blockchains. Many complain at the speed of transactions for its cryptocurrency ETH, and I myself have had some laggy delays in transactions, as has @craig-grant who has talked about this in his videos.
I disagree with this statement entirely. ETH blocktimes are not slow at all ~15s. I am not sure what sorts of lag you are talking about but I send dozens of transactions every day and I would have conformations within a minute. Just because Ethereum is a platform does not mean it is inherently inefficient.
The roadmap instils major upgrades all the time it seems, and this includes moving Ethereum from a proof of work platform to a more efficient proof of stake one. This will be a tricky upgrade that will keep the developers busy, as well as the daily attacks that happen on the blockchain by rogue hackers.
The switch to POS will certainly be tricky, but this was the plan from the beginning so if you weren't on board ummmmmmmmm go to ETC I guess?
What exactly are these daily attacks by these rogue hackers? Ethereum transfers are the same as Bitcoin, no one is hacking the blockchain.
The worst thing I find about Ethereum is the lack of documentation to help people become Ethereum developers. I myself tried a few years ago and failed. Most of the online content is out of date and only covers the basics. To get to any depth within smart contracts is a tough gig.
The Ethereum protocol is extremely well documented. Not sure when you were trying to start developing but mainnet only launched in mid 2015. If you are interested in smart contracts, read the docs on Solidity: Here. That page contains links to just loads of documentation. There is no live, mainnet blockchain with more active development than Ethereum today.
Hi Kyle, thanks for all your opinions on Ethereum and jumping to its defence. Blockchain repairs are fairly good now like you say and the documentation is slowly improving. Thanks for the documentation links :)
Cheers.
Let me know if you have any questions!
I think I'm bought and sold on the Steem train now! Ha ha! Nice to see ETH hit a $100 today. It deserves it!!
That is the result of a lot of factors but it is certainly what you get with Bitcoin's shit and the DAO issues causing undervaluation.
Nice to see it above DASH again - not really a huge fan of that pumped coin!
So glad to see a steemian that can see through duffeilds scam.
Masternodes and locked dash= brilliant pump with no liquidity.
Yeah, it makes me sick to see people pumping it on here - I remember it as Darkcoin and indeed held many of them back in the early days. But after rebranding as DASH, it started to scam up and I was OUT, OUT, OUT!!
It makes me sick to see all the pumps on this site. People earn steem for their pumping. It grinds my gears pretty hard. There are 10 projects worth most people's time, tops. People just try and legitimize their holding of silly tokens like VIVA or whatever the latest wave is...