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Topic: Beginner friendly fundamental report on Ethereum. (Read 94 times)

newbie
Activity: 5
Merit: 1
February 06, 2020, 11:10:14 AM
#1
https://cryptoeq.io/coreReports/ethereum-abridged

The report is easy to share with people unfamiliar with the project. Here is the overview section pulled from the report.

Overview

Ethereum is an open-source blockchain that enables decentralized applications and financial services by leveraging smart contract technology. The original vision behind Ethereum was to create “a platform for deploying and executing smart contracts” on a sort-of decentralized world computer capable of fostering a new parallel, permissionless digital economy.The goal was to extend beyond Bitcoin’s functionality to a decentralized Turing-complete computing platform for smart contracts, programmable money, and decentralized applications (dApps).

Ethereum Strengths

* Second to only Bitcoin, Ethereum is the leading altcoin in terms of decentralization, censorship-resistance, market cap, liquidity, and name recognition
* Most developers, developer activity, and project-building of any digital asset
* The flexibility of the scripting language allows for nearly any project to build on Ethereum and participate in “Web 3.0”
* Tremendous network effects due to partnerships with prominent enterprises, the sheer volume of dApps built on platform, and emergence of DeFi market

Ethereum Weaknesses

* The project is still incomplete and is currently in the midst of a prodigious, multi-year upgrade that comes with substantial risk
* Current scaling issues limit the ability of dApps and other projects to grow and create satisfying user experiences
* Heavy competition from similar blockchains which could chip away or surpass Ethereum’s popularity if the upgrade takes too long to complete
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