Ethereum and its Future

in #steempress8 years ago (edited)

Ethereum is born from the use of bitcoin's open source to improve in some aspects what bitcoin does, and one of the things that ethereum achieves as a platform and its cryptocurrency ether is allowing anyone to write codes, make intelligent contracts and decentralized applications DApps, a smart contract is a program that runs automatically without intermediaries only when the conditions that are written in that code or that are programmed are met.

 

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  Decentralized applications contain those intelligent contracts, but they make Google applications different from the big giants, in these the power of those applications are centralized and it's up to them to find a financing and what these decentralized applications do is that they get financing from people who believe in that project and they also have an open code that allows verification and gives total transparency to all that.  

  More than 75% of the tokens or projects that are in the coinmarketcap are on the blockchain of ethereum, so whatever happens with this will affect other projects, some are already thinking of moving to other blockchain but for now ethereum is positioned as the first platform and now they are facing a problem of scalability, their blocks are mined approximately every 15 seconds and the change of proof of work is proof of participation.  

  Ethereum is in development and one of the reasons for its price drop is that there has been a big reduction in the icos market, which is mostly financed with ether, In addition to this many of the icos of the first semester liquidated their ethers with those who bought the investors to safeguard the value and have those funds for their projects, other of the reasons why the price has fallen is because the DApps that are on their platform are not having many users, ethereum is correcting like any other cryptocurrency and it is the knowledge that we have that allows us to maintain tranquility.  

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Posted from my blog with SteemPress : http://jacksonmil980.timeets.xyz/2018/09/20/ethereum-and-its-future/
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