Ethereum
Shadha Hamed Al-safi
Sep 1, 2022
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CommentsWhat is Ethereum?
A decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.
Ethereum is a tool in the Databases category of a tech stack.
Key Features
Platform for decentralized applicationsGlobal, and open-source
Ethereum Pros & Cons
Pros of Ethereum
- ✓Decentralized blockchain, most famous platform for DApp
- ✓#2 on capitalization after Bitcoin
- ✓Resistant to hash power attacks
- ✓Rich smart contract execution environment
Cons of Ethereum
- ✗High fees and lacks scalability
Ethereum Alternatives & Comparisons
What are some alternatives to Ethereum?
IPFS
It is a protocol and network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system.
Hyperledger Fabric
It is a collaborative effort created to advance blockchain technology by identifying and addressing important features and currently missing requirements. It leverages container technology to host smart contracts called “chaincode” that comprise the application logic of the system.
Web3j
It is a lightweight, highly modular, reactive, type safe Java and Android library for working with Smart Contracts and integrating with clients (nodes) on the Ethereum network. This allows you to work with the Ethereum blockchain, without the additional overhead of having to write your own integration code for the platform.
