Ethereum: The Innovative Cryptocurrency
Ethereum is the second most popular cryptocurrency after Bitcoin, and was launched in 2015 by Vitalik Buterin. Ethereum differs from Bitcoin in that it is not limited to financial transactions only, but also allows the creation of smart contracts, which are programs that run automatically when certain conditions are met, opening up a new horizon for digital uses across many industries.
Ethereum relies on its own blockchain network that allows developers to create decentralized applications (DApps) without the need for intermediaries such as banks or governments. This enhances the privacy of transactions and facilitates the implementation of operations in a secure and efficient manner.
Ethereum advantages:
1. Smart contracts: Allow automatic transactions to be made based on certain conditions.
2. Decentralization: No central entity controls the Ethereum network.
3. Scalability: The Ethereum network provides a flexible environment for developing new applications.
Challenges:
1. Network congestion: The Ethereum network may become congested if the number of transactions increases, which raises fees.
2. Improvement issues: Despite the development of the network, there are still some technical challenges in its development.
