Hello everyone!
How are you all doing today I am so excited to be part of this great Steemit Crypto Academy Contest S1W1 favorite block chain so my fellow steemians let get started.
- Tell us about your favorite Block chain network, its history, and why it's your favorite.
My favorite block chain network
My favorite block chain network is Ethereum (ETH).
This block chain network is the one of the best block chain network in the world.
history;
Ethereum (ETH) was conceived in 2013 by programmer Vitalik Buterin.Additional founders of Ethereum and to propose a new platform which would allow for distribution of application to usher in a new era of online transactions. In 2015, following an initial fundraiser, Ethereum was launched and 72 million coins wrr minted.
It is an open-source public service that uses block chain technology to facilitate smart contracts and Crypto currency trading securely without a third party and thw way I am seeing this block chain it will soon overtake bitcoin usage.
This block chain network has grown large and today there are thousands of developers.
Vitalik Buterin is the co-founder of Ethereum (ETH) he was born in the year 1994 outside the Moscow
To two computer scientist, Dmitry burterin and Natalia Ameline. He inherited his parents old IBM computer and he began to excel, burterin dropped out of college in 2013 and began to write on Ethereum white paper and 2014 he was named one of the Peter thiel's followers and was awarded $100,000 to invest on his work.
Why Ethereum Block chain is My Favorite.
It is my favorite block chain network because is a software platform which users interact with and it is the best block chain network in the world and it develops secure transparent Crypto
currency solution for customers and it is a platform that is easy to use.
- Does the network has some earliest shortcomings and how has the network's team taken care of the problem?
This block chain network encountered some problems of
$50 million was stolen by hackers which resulted in the question about the platform security and after they fix the problem by putting the power and responsibility in the currency holders hands.
What changes do you think would make the network better?
Changes that I think would make the network better is by
adding sharding to the mix Ethereum 2.0 it will increase the
efficiency of it resources usage in a big way.
- Write about a Project that is built on your favorite Block chain.
Source
There are many project built by this block chain and the first project built by this block chain network is Terra Nullius. Terra Nullius is the first NFT on the Ethereum block chain and it was built to allow you claim on the block chain, these are some of it Chainlink, Decentraland, Miscellaneous, MakerDAO. and so many of it.
Conclusion:
So now I think I have been able to tell my favorite block chain network which is Ethereum block chain network and I hope you all enjoyed reading thanks you and remain blessed.
More thanks to;
Steemit Crypto Academy and Steem blog.
Stay safe.