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The Ethereum Code Advantages and Opportunities – Elizabeth Emelyanova – Medium

The Ethereum Code Advantages and Opportunities – Elizabeth Emelyanova – Medium

Before we start to examine the main features of the Ethereum code, let’s see what Ethereum is. Modern crypto-market ordinary users and investors consider Ethereum as a cryptocurrency token. The token which they can exchange or accumulate, such as Bitcoin or Ripple. However, Ethereum is an entire digital ecosystem.

Source: Pexels

It includes many separate projects and interactive digital products for many purposes. Flexible Ethereum’s blockchain system allows clients to develop multi-level digital projects. Innovative Smart Contracts technology algorithms allow to automate and script the distributed databases.

The Ethereum’s open code is available for everyone. It allows for developing multi-functional applications and digital platforms. Unique algorithms provide clients with unique computational capabilities and flexibility of integration. They are thereby achieving the highest network performance.

Basic directions of using the Ethereum code

The Ethereum’s source code allows developing digital applications based on the blockchain. The Blockchain is the distributed database.
It can provide high performance while conducting many transactions at the same time. They can work with complex circuit calculations — also the Smart Contracts to put in place new conditions to blockchain platform or app.

Ethereum’s blockchain structure is impossible to access for the third parties as well as there is full confidentiality of user information stored on the platform. No one can transfer access to account information to third parties and organizations. It allows maximizing the scope of protected user activity.

It is also available to develop various Decentralized Autonomous Organizations (DAO). These projects work without an individual leader or heading company. They delegate the regulatory functions to the distributed database algorithms.

People can use the algorithms to change parameters, add specific features. Part of the decentralized organization belongs to the token holders.
The token is the voting character for network users. Decentralized database structure provides equal conditions for all token holders, and it allows the optimal votes distribution when polling for platform upgrades.

Source: Pexels

The advantages of the Ethereum project code are the following:

Smallest risk of funds loss. According to the latest statistics, Ethereum lost one deal out of 1,478 for 4 years of work. The accuracy of every transaction is high compared to the same parameter of Bitcoin.

There is a latitude of the user audience coverage. Application with Ethereum source code integration provides access to the broad audience. Ethereum’s Blockchain allows for work with 163 exchanges in 35 countries.

The developers work to improve the blockchain and release of new applications. Ethereum released the third most popular app (in 2017) among cryptocurrency users. The application has already earned its users 723 million dollars. The constant work on the project increases the level of user confidence — developers work to improve their product.

Upgrades to the original platform are releasing. Blockchain as a digital platform is still a very competitive project.

Source: Pexels

The next possibility is trading using the connected Ethereum code. The particular app allows you to earn high enough amounts of money if you set the trade parameters. The Ethereum project code speeds up the execution of user operations. It optimizes the application performance in the conditions of the specific crypto-tokens market.

The Smart Contracts flexible configuration allows integration of algorithms and scripts to applications. Integrating Smart Contracts with platforms of the financial systems is possible.

Smart Contracts speed up the operational computing capabilities of interactive online platforms. They are providing users with flexible settings and fast work.

Published at Thu, 28 Feb 2019 14:04:50 +0000

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