The second-largest public Blockchain network Ethereum has undergone remarkable development. The smart contract platform is growing steadily and has already been able to reinvent itself a few times in its still young history. A review and outlook.
Even though blockchains are generally considered to be superior to traditional networks, no single blockchain is perfect. Due to the inability to maximise the components scalability, security and decentralisation – the so-called Blockchain Trilemma – there are distinct use cases for different chains.
