As with the advent of web3, blockchain technology has become more popular, many new platforms arise at a quick rate as the industry expands. Talking about the Ethereum blockchain which has been operational for over six years, boasts an extensive network size and is good for rapid deployment.

So now, why should you choose Ethereum over other blockchain Platforms?

What is Ethereum?

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH ) is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Additional founders of Ethereum included Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.

Ethereum, which is considered to be the topmost used Blockchain now, offers a wide range of features for its users. Here are some features of the Ethereum blockchain which make it different from the rest.


Its Mainnet.

The Ethereum Mainnet is the most popular DeFi blockchain, with around 600 active DeFi protocols. Nearly 3,000 DApps cover a wide spectrum of industries, and almost half a million self-executing contracts are deployed per month. The Total Value Locked exceeds $75 billion.


Its amazing functions.

Besides being used as a digital currency, It has a wide range of functions. Ethereum can also process other financial transactions, execute smart contracts, and store data without any third-party interference.


Its Scalability.

Ethereum is designed to be scalable, programmable, secure, and decentralised. It is the blockchain of choice for developers and enterprises, who are creating technology based upon it to change the way many industries operate and the way we go about our daily lives.

Then Smart contracts.

It natively supports smart contracts, the essential tool behind decentralized applications. The main goal of Ethereum services was to support smart contracts, They basically eliminate the need for intermediaries, thus optimizing the system. Decentralized finance and other applications use smart contracts in conjunction with blockchain technology.

Moreover Its Language,

Being written in solidity, Ethereum allows users to work for it or build on it using Solidity, the network’s programming language. Using this language, developers can create their cryptocurrency and DApps without downtime, fraud, regulation, or interference from third parties.

Last but not least its PoW,

Ether is mined through the PoW algorithm. It is more than a store of value and a popular trading asset. This native cryptocurrency fuels the Ethereum blockchain network, as users pay gas fees for any transaction on it. One more prominent advantage of using the Ethereum network is its transaction fee which is a significant cost catalyst for transactions. currently, that has been the cheapest over the past 10 months. The average ETH transfer fee sank to around US$2.90 per transaction. Ethereum gas fees have been majorly dropping since February 2022.

Ethereum’s ecosystem,

Because of the maturity of the Ethereum development ecosystem, many blockchain developers prefer Ethereum. As blockchain is a new technology, the development system is also new. Here, the Ethereum blockchain development ecosystem stands out. It offers a diverse set of development tools and resources.

Ethereum has 4x more Developers than any other crypto ecosystem.
The Ethereum community is home to hundreds of thousands of developers, technologists, designers, users, HODLers, and enthusiasts.
Ethereum allows you to find meaningful work, get paid well to do it and be an active stakeholder in a technology that is positively impacting millions of people.
Ethereum has some bounty programs that have already started. They also provide grants and other support to the builders of the Ethereum ecosystem.

ESP provides funding and other forms of support to eligible projects working to improve Ethereum. They focus on work that strengthens. Ethereum’s foundation is considered to be the best for developers because of the support it provides, such as developer tools, research, community building, infrastructure, and open standards. Grants are awarded through a formal application and evaluation process.

Here are some helpful tools:-

  • Solidity is a well-known programming language that can be used for developing Ethereum smart contracts.
  • Remix is a popular IDE for developing Ethereum smart contracts.
  • Truffle Suite: This set of tools aids in a variety of tasks, including the testing and deployment of Ethereum smart contracts.
  • Web3.js is a well-known Ethereum JavaScript API.
  • MetaMask is a cryptocurrency wallet software that is useful for Ethereum blockchain development.
  • Ropsten: It’s a network used to test Ethereum smart contracts.

Ethereum’s Community support.

Ethereum still boasts the largest developer community working on the network. The Ethereum developer community is known as a Builder community that aims to develop useful blockchain-based products and services that make use of smart contracts and has the potential to democratize technology for people of all races, genders, and cultures. Its members are advocates, startups, entrepreneurs, and fans of Ethereum and blockchain technology. Each group hosts meetups that support the education and personal development of its members.


To get started in Ethereum development you can learn their core concepts with their docs, with tutorials available on Ethereum Docs.

Ethereum has a wide range of docs available on its official site which includes basic to advance information to understand Ethereum its fundamentals, the logic behind the DApps development frameworks, tools for helping speed up development, JavaScript libraries using JavaScript to interact with smart contracts, backend APIs Using libraries to interact with smart contracts.

Furthermore, their community boundaries are also too large to have great support for developers. There are hundreds of helpful communities available to help you prosper on Ethereum in case of any doubt or any query in your development journey.

Well, The growth of Ethereum can be credited to its decentralized applications and robust business case, But that is not the end of it all. Its evolution is still in progress, aided by the supportive community of developers and users behind it.

Now after knowing about its advantages, you must also be aware of Ethereum's drawbacks.

Let’s look at its disadvantages below,

1)Difficulty- The Ethereum blockchain isn’t as easy as it seems, it can’t be easily grasped by non-tech people. One cannot have a trustworthy relationship if they find it difficult to understand the process.

2) Network Size- Ethereum Blockchain requires an extensive user network. If a blockchain does not possess a robust network with a widely distributed grid of nodes, it becomes more difficult to gain the full benefit.

3) Transaction fees- Sometimes due to network congestion during a bull run, Ethereum faces a surge in the transactions that increases the transaction fees. You could face transaction fees in the range of 30$-150$ during such times. .

Did you hear the news?

Ethereum 2.0 Is On The Way,

Because Ethereum was the first one to bring smart contract capabilities, Ethereum became the most popular network for developing dApps ranging from gaming to financial services. The increased adoption and use of Ethereum have created additional demand, putting the network under strain at times. For example, the network has struggled to accommodate the explosive DeFi sector, with transaction fees recently skyrocketing. This has served as a timely reminder that Ethereum, as it is currently designed, is unscalable. ETH 2.0 will address these issues by significantly increasing network capacity, lowering transaction fees, and enabling the development of more novel solutions. Following a series of postponements this year, the wider crypto community is eagerly anticipating the launch of ETH 2.0.

So in the end, I hope that after reading this entire blog, you have a thorough understanding of the Ethereum platform. so please stay in touch with us as we will be bringing more blogs on specific Blockchain platforms.