AN IN-DEPTH LOOK AT ETHLIMITED

rucy (28)in #ethlimited • 6 years ago

Ethlimited is a limited version of Ethereum-based tokens which is mainly concern with bringing of smart contracts to the doors of cryptocurency users irrespective of their status whether novice (new users) or legends. A contract is an agreement between two or more people or parties, to performed or carry out a specific task and usually backed by a rules. By smart contract, ethlimited means a contract which cannot be tampered by anyone once the rules of the contract are defined or established. Why should individuals take a look at ethlimited?

ETHLIMITED'S SMART CONTACT AND THE NEED TO LOOK AT IT

Availability of smart contracts is one of the outstanding feature of ethlimited. Ethlimited aims to enhance the provision and availability of smart contract to users irrespective of their rank on the cryptocurrency market or blockchain or their duration of usage. Unlike other crytocurrency forums where smart contracts are limited to certain group of users, ethlimited seems to break the obstacle new users usually encounter with regards to the acquisition of smarts contract. Moreover, the contract eliminates third parties and the unpleasant issues associated with them making creation of contract between and among users easier and quick. Imagine going into agreement with someone and the details of the agreement been kept safe by a trusted online cryptocurrency forum or blockchain. This trusted cryptocuurency forum or blockchain is ethlimited.

Decentralization, another alluring factor, also makes ethlimited to stand out among others. With decentralization, powers are shared in a defined and specific order from the highest level or person to the lowest level or person. This enhance all users involved in the ethlimited cryptocurrency forum to weird a certain amount of power necessary to carry out specific tasks. Also, decentralization of ethlimited ensures users have privacy in terms of transactions carry out by them. Privacy is one of the component individuals are concerned with when carrying out business deals or transactions. Privacy is guaranteed on ethlimited by making sure that information does not flow to a single point and ensuring that information tracking on the network is very difficult.
Good storage and backup system is also available on ethlimited platform. This ensures that there is storage of details of every single smart contract carried out on the platform which can be retrieved later, should the information or details of the contract be needed or required in the future. Unlike a traditional contract whose evident make use of papers that are easily destroyed by fire, water, just to mention a few. Once a user has access to the internet, he/she can go through his/her contracts by navigating through few pages on the platform.

Trust, a key component of every contract, is enhanced on ethlimited platform by ensuring that smart contracts are transparent, autonomous and secured in order to ensure that the contracts carried out on the platform are not tampered with. Transparency of smart contract enhances trust between the parties or individuals involved in the contract. With this, ethlimited indirectly attracts investors and customers to the platform once a smart, transparent and secured contracts can be guaranteed on ethlimited platform.