ETHEREUM LIMITED- Making Smart Contracts Easier to Use

tissuesurgeon (34)in #business • 6 years ago

Introduction
When Satoshi Nakamoto brought Blockchain into the world in 2009, only a few visionaries understood the disruptive shock wave that would start to reshape financial transactions from one part of the world to the other. Blockchain has been an evolutional technology of this Era. Looking at blockchain and cryptocurrencies, they are the new dimension in the world’s financial system. The general idea behind Satoshi’s creation of bitcoin was to develop a currency that operates on a decentralized platform where funds can be sent from any part of the world or received at any part of the world with fewer difficulties and charges associated with the transactions made. The development of the cryptocurrency is becoming more and more part of our lives every day. The introduction of echelon ecosystem shutter technology into our daily life connected with business processes makes us ensure the availability of cryptocurrency for all comers. The technology of blocking, in comparison with the banking system, has a number of advantages: it is spared from intermediaries, does not have bureaucratic schemes, additional commissions, duties, and other payments. We cannot describe blockchain without the inclusion of smart contracts. In a layman’s description, smart contracts are computerized transaction protocols that execute the terms of a contract. They are in charge of enforcing the terms of the negotiations made before the finalization of the contract. The introduction of smart contracts into the blockchain technology was to eliminate or remove the need for third parties before carrying out transactions. Smart contracts present an easy way to track, and view transactions done with these protocols. They remove the issues associated with human errors, large fees, and too many paper works. Smart contracts ensure that the rules are enforced without any form of tampering.
Since the introduction of blockchain technology which presents a decentralized ecosystem, the majority of platforms that use blockchain technology claim to offer smart contracts which present a lot of flaws. One of these flaws is that newbies or novices to these platforms find it hard and difficult to create smart contracts on the platform. These most times discourage novice users who want to bask in the benefits of smart contracts. Ethereum Limited (Ethlimited) provides the solution to this problem.

What Makes Ethereum Limited Different?

Ethereum Limited (Ethlimited) is a decentralized user-friendly platform that runs smart contracts, thus enabling the creation, modification, and execution of smart contracts. The developers of the Ethereum Limited platform focus on making smart contract creation as easy as signing up for an email account. This platform aims to focus on bringing sanity to the world of contract and ensuring that no one is fleeced and that the rate of litigations in courts is reduced, if not eliminated. The Ethlimited platform will allow its users to bask in the euphoria of knowing that their contracts will never be tampered with while holding a crypto coin that is most likely to improve in worth. The team behind the development of Ethereum Limited platform focus on designing a platform that will allow anyone with access to a computer and the internet to create a smart contract with anyone, anywhere in the world, thus if one user in Canada can create a contract with another person in South Africa without having to meet face to face.
Ethereum Limited will combine blockchain with some traditional technologies such as web application, public APIs. On the Ethlimited platform, users will be presented with the opportunity to create their decentralized apps,dApps. This platform will focus on providing its users with the following smart contract benefits such as transparency, Clear Communication, and Security.

The main aim backing the Ethlimited smart contracts is to ensure that no party tries to rig the contract. The terms and conditions that bind the contract made by users are available to be seen by all parties affected by the contract. Ethlimited smart contracts bring in the advantage of accuracy in the transaction. It will eliminate any room for misinterpretation and misunderstanding. The Ethlimited smart contracts will provide a clear communication between the users making the transactions. Also, Ethlimited smart contracts are highly automated and will use the best data encryption and since it runs as a decentralized platform and on the ethereum network, it adopts the security features of the Ethereum network.
In addition to what the Ethlimited will be bringing to the blockchain and crypto world is that the Ethlimited smart contracts will be designed to take down and record important aspects and details of every transaction. Once a detail of a transaction is imbibed in a contract, it is stored forever for future auditing which will also allow easy retrieval of information.

Conclusion
Smart contracts are known to bring about trust and confidence in its execution. The ethlimited platform will provide smart contracts which will introduce shades of autonomous, transparent, much secured, and eliminating the probability of tampering, error or any form of manipulation. Smart contracts are not just for business applications. The world will find amazing ways to apply blockchain and smart contracts to make lives easier and Ethereum Limited will be at the center of this innovation.

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