What is Ethereum?
Ethereum is a global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls money, and build applications accessible anywhere in the world.
Pros & Cons
Pros
- Decentralized applications
- Smart contracts
- Robust ecosystem
- Strong developer community
- Backbone of DeFi and NFTs
- Community support
- Developer experience
- Layer-2 blockchains
- Proof of stake
- Widespread adoption
Cons
- Scalability issues
Tool Details
| Categories | Defi, Crypto exchanges, Crypto tools |
|---|---|
| Website | ethereum.org |
| Became Popular | April 14, 2014 |
| Platforms | Web |
| Social |
Recent Reviews (4)
Ethereum was chosen for Melcor because it is a leading platform for decentralized applications (dApps). Its robust ecosystem, strong developer community, and extensive support for smart contracts make it an ideal choice. Ethereum's widespread adoption ensures security and reliability, essential for a trading platform dealing with real goods and services.
Ethereum（On-chain verification)
On Rodeo, all posts created on the app are ERC-1155 tokens created in your own smart contract. Users can mint your post and collect the tokens to display on their profile. You also earn a fee for users minting your post, and they get an NFT to showcase.
Been building on Ethereum for about 2 years now and honestly the developer experience keeps getting better. Gas fees can still be painful during busy periods but the ecosystem is just so mature compared to other chains. The tooling and community support is unmatched. Still my go-to for anything serious.
Frequently Asked Questions about Ethereum
When did Ethereum become popular?
Ethereum became popular around April 14, 2014.
What are the main advantages of using Ethereum?
The top advantages of Ethereum include: decentralized applications, smart contracts, robust ecosystem, strong developer community, backbone of DeFi and NFTs.
What are the disadvantages of Ethereum?
Some reported disadvantages of Ethereum include: scalability issues.
What is Ethereum's overall user rating?
Ethereum has an overall rating of 5.0/5 based on 10 user reviews.
What type of tool is Ethereum?
Ethereum belongs to the following categories: Defi, Crypto exchanges, Crypto tools.
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