THE FUTURE OF ETHLIMITED AND ITS ACCESSIBILITY

in #ico6 years ago

  Introduction 

Cryptocurrency has evolved over the years with lot of people taking advantage of today’s 21st century digital market. Despite the numerous benefit that comes with crypto, a lot of people are left in a state of dilemma as to whether they should invest their capital or not. It is of this reason why Ethlimited came up with an idea which is innovative to help people with less idea or knowledge about blockchain gain enough concept to catch up with the fast growing technological world. It is achieved through smart contracts.  

  What Then Are Smart Contract 

It is an execution of a contract through the activities of a computer. It ensures that all arrangements are made before the completion of a contract are brought into account. Third parties are not really needed but there is transparency in all transactions. Smart contract were created to ensure that contract are carried out to the end without necessarily involving human presence. It is made in such a way that it can never be terminated once the process is in action. Smart contract are free from human errors and less paper work, that is to say majority of it activities are automated. A cryptographer by name Nick Szabo came to a realization that making use of ledgers that are not controlled centrally will solve majority of problems that will be committed by human. With smart contract major activities running can never be manipulated in any form or by any means but can be converted to codes to to be monitored by computers on the blockchain. Comparing this to contracts that will be executed by man, smart contract will be done with speed, style and accuracy. Payments can be done at once convenience by reaching an agreement with the Ethereum user. There are apps that manipulate activities between partners involved such that payment can be made at an agreed date.  

  Features of Smart Contract

 1. Allows for agreement to be made between the parties involved and are carried out accordingly.  

2. There are records of all members which are stored and can be retrieved anytime it is needed. 

3. Ethlimited smart contracts only allows for capital to be spent when members involved agree for it to be spents.

 It is important to note that creation of Ethlimited smart contracts does not mandatory require the involvement of a third party. Accounts can be used for other activities such as stock exchange, facilitating property deals and among others.  

  Ethereum Limited (Ethlimited) 

It is a no central running smart contract platform where applications run just as they are programmed. A user can engage in an agreement with any other person without any form of doubt of being deceived. Ethlimited bring strictness to the contract world to make sure no one is cheated to decrease the rate of court related issues. It discloses to their customers that once they hold a cryptocurrency their contracts will on no basis be tempered with. Ethlimited was created without limitation such that anyone with internet access and computer can develop a smart contract with any individual irrespective of where they are in the world. Locality is not a barrier in the creation of smart contract. There is no need meet face to face before transactions can be made. The most important point is to reach a consensus. Users are allowed to come up with their own app for decentralization on the platform. There are two hosted ethereum nodes for different task. One is for main Ethereum network with the other being testnet. Their basic aim is to correct the setbacks of Ethereum blockchain. There will be an integration of library smart contract for their users to make a choice and market place for users to attain template.  

  Why Ethereum Limited 

It has limited token born out necessity which is free from any third party interference of transactions. It brings to it users advanced version of blockchain with lot of new features. Since there are no involvement of third parties, it present to users the benefit demand and supply which accept that the lesser the supply of cryptocurrency the more value the coin has. 

Ethlimited and Privacy 

Privacy in Ethlimited is at its maximum peak such that information does not flow at a single point but at a series of point in order to complete. Also, information across network is difficult to trackon the network. Online information are protected centrally like bodies such as facebook, google. Activities basically depends on a variety of host computers and not a single computer which is of peer to peer enabling users to interact with themselves.  

  Benefits of Ethlimited Smart Contract

 Looking at the numerous activities of Ethlimited smart contract, there are varieties of benefits that users or interested persons cannot afford to lose. Such benefit are listed below; 

1. Transparency

 2. Clear communication 

3. Speed 

 4. Security

 5. Efficiency

 6. Paper free services

 7. Trust   

 [Ethlimited official website] https://ethlimited.org/ 

[Ethlimited twitter account] https://twitter.com/EthereumLimited 

[Link to bitcointalk profile] https://bitcointalk.org/index.php?action=profile;u=2361362    

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