What is Ethereum (ETH)

What is ETHEREUM (ETH)?

Ethereum is an open- source blockchain based distributed computing platform featuring smart contracts

PROS

  • Can run decentralized apps
  • Smart contracts
  • Huge community support
  • Fast block times compared to bitcoin
  • Huge number of Tokens have been launched via and ICO (initial coin offerings)

CONS

 
  • Scalability- currently approx 10 transactions per second
  • ICO’s are only as good as the developers so scams/hacks can effect the ETH price.
  • Ethereum has already suffered significant hacks. See the DAO and parity hacks.
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