How Ethereum changed blockchain world

[Leviathan.007]

Each field has had unique innovations in which they have revolutionized. Ethereum can also be considered as one of these revolutionary innovations in the field of crypto currencies. ⠀

The Origin of Bitcoin, It created great potential for enormous change in the world currency system. But this enormous change was only monetary. Ethereum was an initiative that was able to expand and transform a particular decentralized bitcoin currency into other areas. In the following post, we will get acquainted with three of these changes.

1. ERC-20 tokens

Ethereum was the first platform that allowed developers to easily participate in the blockchain world. Before Ethereum, in order to create each coin a new blockchain had to be developed. But Ethereum made it possible for people to create token without the need to create new blockchains.


2. Smart Contracts

Ethereum introduced the concept of smart contract for the first time in the world. In regular contracts, Execution of the terms of the transaction requires trust in a third party. But, smart contract is a code that is activated on the blockchain without the need for intermediaries. Examines and implements the terms of an agreement between the two parties.
 

3. DAPPs

The concept of decentralized applications or DAPPs, firstly used and invented on Ethereum. These applications are programs built on the blockchain and perform decentralized, immediacy, open source and without the need for trust.

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[OcTradism]

ERC-20 tokens, smart contracts, Daaps are available tools from Ethereum to help many projects began in crypto and build up their blockchain based projects. Ethereum changed the world because it causes ICO-mania, IEO-mania, Cryptokitties-mania and DeFi-mania.

The blockchain world would say a thank you to Vitalik as it helps to raise general awareness about blockchain world wide. The noise from Ethereum helps to bring more capital to crypto market.

The bad contributions are many scam projects are created and dead. Many people lost their savings by invest in ERC-20 scam tokens.

[HaekalZ]

Ethereum is very very useful these days, it should be much more useful as time goes by.
With an Ethereum address, anyone in the world can store, invest, borrow, lend, and transact with anyone worldwide who also owns an Ethereum address.
Correspondingly, Ethereum offers an increasingly globalized world a strong, self-contained alternative financial system.

that's how the ETH changed blockchain world, let's just hoping that ETH can keep their position and existencies.

[dihari]

- I'd never know anything about initial coin offering (ico) before ethereum was created.
- smart contract implementation on blockchain is perfection.
- Dapp, no more consummer robbery.
- Defi is giving people "financial freedom".

in other words, Ethereum is not only changing the blockchain world. It's changing the whole economic model.



update:
- the gas price, it's suck

[Coinsfera]

Each field has had unique innovations in which they have revolutionized. Ethereum can also be considered as one of these revolutionary innovations in the field of crypto currencies.
The Origin of Bitcoin, It created great potential for enormous change in the world currency system. But this enormous change was only monetary. Ethereum was an initiative that was able to expand and transform a particular decentralized bitcoin currency into other areas. In the following post, we will get acquainted with three of these changes.
1. ERC-20 tokens
Ethereum was the first platform that allowed developers to easily participate in the blockchain world. Before Ethereum, in order to create each coin a new blockchain had to be developed. But Ethereum made it possible for people to create token without the need to create new blockchains.
2. Smart Contracts
Ethereum introduced the concept of smart contract for the first time in the world. In regular contracts, Execution of the terms of the transaction requires trust in a third party. But, smart contract is a code that is activated on the blockchain without the need for intermediaries. Examines and implements the terms of an agreement between the two parties.
3. DAPPs
The concept of decentralized applications or DAPPs, firstly used and invented on Ethereum. These applications are programs built on the blockchain and perform decentralized, immediacy, open source and without the need for trust.

These projects are soo cool. Even though the transaction fees skyrocket during peak times, Ethereum did the historical things for cryptography and blockchain technologies. Those events make Ethereum too big enough not to ignore. It has a great environment and projects.

[illnino]

Ethereum is a real revolution in the blockchain world. Ethereum provides all the necessary resources to create programming code and DApps. Other blockchains may offer limited options to users. Even Bitcoin can only track transactions between individuals.