Hey guys! I was just curious to know why most of the tokens I've been seeing have been on Ethereum. What are the benefits?
The year of 2017 has witnessed many new Digital Currencies where; both the emerging startups and established companies are showing a great interest towards CryptoCurrencies.
The Advantages of Ethereum ICO1. Ethereum is Turing Complete
Ethereum is the Turing Complete, this means:
- It can easily understand the variables.
- The programs will continue to run until the recalculation has not been done up to the last contribution.
- It automatically changes its algorithm when a certain set of value is met.
Therefore, the Turing Complete System plays a major role in a feasibility of ICOs on the Ethereum Blockchain Platform.
2. ICOs on Ethereum are more Secure
ICOs on Ethereum are more secure because of the Ethereum Blockchain’s multiple program states which allows an execution of Smart Contracts to do the following things:
- Calculating the total amount of raised funds.
- Verifying and Confirming every single transaction.
- Once an entire selling process of a token is completed, it allows the process of distributing new tokens to go smoothly.
3. Ethereum use GHOST
The Ethereum Blockchain is based on the GHOST Platform that allows you to add a new block in no time without any intervention of the blockchain security, thus transactions in the ICOs can be done at a faster rate.
Read Here :
https://webcomsystem.net/ico-based-on-ethereum-blockchain/