Tuesday, July 5, 2022

Advantages & Disadvantages of Ethereum

Advantages

Ethereum has a thriving developer, and user ecosystem. This is the biggest advantage of Ethereum. Community involvement and activity should not go under valued, as having a community of users to aid and assist you in your crypto tour is vital when you come across situations and questions that you need answered.


Ethereum also has a thriving App community. This is also an advantage as it allows a lot of things that you can do with your Ethereum tokens. It is often easy for anyone to create or publish their own tokens on the Ethereum Blockchain. This quenches the barrier to entry to fundraising.



Disadvantages

Ethereum also has some of it own disadvantages. It is vital to know about the numerous issues with Ethereum before kick starting. Issues with scalability if one of the problems Ethereum is facing, meaning the relative number of transactions per second is very low. Ethereum is at the lower end, able to process only 25 transactions per second.


There are more than a bunch instances of Ethereum smart contract hacks that have taken place since the genesis of Ethereum. It is important that you know this, when trusting a smart contract with your funds. 

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