One of the features of JS is that it is an Omni platform which means it can work anywhere without any hassle. JS is a universal language that can work on any device, client-side and server-side.
Ethereum is mainly a platform that is well suited for open software development. For decentralized application development, one can use Ethereum. Along with this, financial exchanges, domain names, and even legal contracts can all be decentralized and traded on Ethereum.
Let’s have a look at these technologies in a detailed manner that is related to Ethereum:
Ethereum is a blockchain network that is extensively useful for supporting ideas. These include smart contracts and decentralized apps (DeFi) to run on them.
Decentralized Finance (DeFi) is the main feature of the Ethereum network that developers need to understand. With this aspect of Ethereum, developers and programmers of JS can build financial apps for various institutions. That’s why most financial institutions depend on the Ethereum network to develop apps. Today, the use of DeFi is a new idea that is prevalent in financing new markets and projects. In addition, DeFi is a suitable option for financial entities that don’t have intermediaries and brokerages. Even banks, exchanges, etc., can use this.
When understanding the technology of the Ethereum network, one name that comes to mind is Smart Contract.No doubt, this is a revolutionary technology that can also be used as fractional ownership for numerous assets. Smart contract platforms allow the emergence of a new form of finance under a common financial contract. This technology is required where all participants are brought together to join a financial contract. There’s a new language, Solidity, which is used for the development of smart contracts.
It is crucial for programmers who are into JS development to understand the role of JS in the Ethereum ecosystem. It’s clear to many people that Ether’s market capitalization is second in the world after Bitcoin. One thing to consider is that the Ethereum blockchain also allows other cryptocurrencies into its network. With the help of Ethereum, new currencies are launching their ICOs.