Reasons to use ETH - page 4. | Bitcointalksearch.org

How well does it pique people's interest?

It's pretty good. Ethereum enables the decentralization of everything. The concept of smart contracts, in which transactions occur when certain conditions are met, is appealing because it eliminates the need for middlemen. Consider this: if you have a smart contract that states that you will be charged 1 eth when the contract expires, it will happen automatically.

Ethereum has the potential to play a significant role in the next-generation Internet. Developers are well aware of this. Ethereum is used to power the vast majority of dApps (over 75 percent )

How well does Ethereum function?

The cost of a transaction is currently about $9, which is very high when compared to the likes of doge, Ripple, and Litecoin, which are all typically under a dollar.

Hopefully, the EIP 1559 update in the coming months would result in lower fees. This is due to the fact that some of the payments would be burned instead, thus removing them.

Ethereum performs admirably, and the trend is upward. Over 1.5 trillion has been resolved using ethereum so far this year.

What are the more reasons you think of using ETH?

Topic: Reasons to use ETH - page 4. (Read 443 times)