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July 11, 2018, 07:58:19 AM |
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The reason we should choose Ethereum ecosystem to drive our ICO:
Ethereum, a multi-purpose program: Ethereum stores a tree of program states by using a complex data structure called the Merkle Patricia Tree, which allows for faster changes and tests of the different rules required to run the ICO. Instead of having a single transaction ledger, multiple programs in the Ethereum Blockchain allow smart contracts to automatically calculate the amount of funds raised; test and confirm transactions; and distribute new tokens during the crowdsale or at the end of it.
Ethereum is Turing Complete: Ethereum (which was created to correct Bitcoin flaws) is a Turing-complete system. The instructions in the program code of Ethereum are processed using what we call “gas” payment. Gas encourages miners to provide their GPU power to run programs in Ethereum Blockchain.
If there is no more gas left to run the transaction; it will be canceled. This avoids infinite loops and DOS attacks on the ICO since each execution has been finally canceled. Because of this, an attacker can’t deny service to our crowdsale due to denial of service attacks because ICO are more secure on Ethereum networks.
Ethereum uses GHOST protocol: The Greedy Heaviest Observed Subtree (GHOST) protocol of Ethereum makes it possible to create blocks faster without compromising the security of its Blockchain. This means that ICO transactions are processed more quickly. When it comes to dealing with the crowdsale of new tokens; transactions can quickly be verified and added to the overall amount derived from the crowdsale of new tokens. Without sacrificing the security and integrity of the Blockchain, the distribution of the new tokens occurs quickly.
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