Many programmers and entrepreneurs were instrumental in creating Ethereum, but most of the credit goes to Vitalik Buterin and Gavin Wood. In addition, the Ethereum network is decentralized, which implies that no one or entity dominates the platform.
Ethereum is an open-source platform that developers can use to generate cryptocurrencies and decentralized applications. Ethereum is the head and initiator of innovative ideas like intelligent contracts, non-fungible tokens (NFT) and decentralized finance (DeFi).
Ethereum is very quickly the go-to cryptocurrency platform that has motivated dozens of flourishing projects. But, sadly, many of them are also platforms for developing decentralized applications or decentralized finance, and therefore direct competitors.
Why Should You Invest in the Encouraging Ethereum Crypto Currency in 2021?
Ethereum has a lot of competition, but it profits from network effect like Bitcoin. Together, they control the cryptocurrency business. Moreover, since 2020, ETH has benefited from renewed investor interest.
Advantages of Ethereum
Ethereum has no shortage of benefits, being the most robust blockchain project in the industry.
Renowned development team DeFi platforms A massive amount of partnerships with renowned companies non-fungible token holder ICO platform.
Disadvantages of Ethereum
Ethereum was one of the leading blockchains to be built. Today, the platform reveals its limits with the progress of its holders. Scalability issues High fees.