Are you interested in learning why Blockchain developers use Ethereum?
The number of blockchain development projects is growing rapidly, and the popularity of the Ethereum blockchain development platform is growing, too. Blockchain developers use Ethereum for the following reasons:
1. Ethereum offers the highest decentralized security
A major promise of blockchain is decentralized security. Hackers shouldn’t be able to tamper with records on a blockchain. Decentralization, digital signature, cryptographic hash functions, and consensus algorithms should make it cost-prohibitive for cyber-attackers to hack a blockchain network.
Ethereum meets all of these requirements. Users must sign transactions digitally. All computers on the P2P (peer-to-peer) network of Ethereum have equal authority, and all of them store the entire data. One can’t shut down the Ethereum network by shutting down a few computers.
Cryptographic hash functions, decentralization, and the “Proof of Work” (POW) consensus algorithm ensure that cyber-attackers need a massive amount of computing power to hack the Ethereum network. That’s cost-prohibitive and impractical. Developers looking for the highest …