WHY THE ETN PLATFORM WAS CHOSEN FOR THE TOKEN
The Ethereum blockchain (ETN) has a number of security advantages that make it one of the trusted platforms for developing decentralized applications (dApps) and smart contracts
Ethereum runs on a decentralized network, which means there is no single point of failure. This makes the network resilient to attacks, as many nodes need to be compromised simultaneously for a successful hack.
Here are some of the key security aspects of Ethereum:
All transactions and data on the Ethereum blockchain are secured using advanced cryptographic methods, ensuring a high level of security and privacy.
Entries in the Ethereum blockchain cannot be modified or deleted once they have been added, which guarantees the integrity of the data and protects it from tampering.
All transactions and smart contracts in Ethereum are public and can be verified by any user. This increases trust and makes it easy to detect and prevent fraudulent activities.
Ethereum has a large and active community of developers and auditors who regularly check the code of smart contracts for vulnerabilities and conduct security audits.
The use of standards such as ERC-20 and ERC-721 helps to ensure interoperability and security of tokens and smart contracts as they follow proven and established rules.
STANDARDIZATION (ERC-20 AND ERC-721):
Ethereum provides test networks (e.g. Ropsten, Rinkeby, Goerli) where developers can test their smart contracts and dApps in a secure environment before deploying them on the main network.
The move to Proof of Stake (PoS) as part of the Ethereum 2.0 update will improve network security, as PoS requires network participants (validators) to put up their own funds as collateral, making attacks uneconomical.
In the decentralized Ethereum network, the probability of a successful 51% type attack (where an attacker controls more than half of the network's computing power) is extremely low due to the large number of participants and the high computing power of the network.
Ethereum is constantly evolving and receives regular updates to improve security and functionality. Actively working on improvements makes the network more resilient to new types of threats.
These aspects make Ethereum one of the most secure platforms for developing and using decentralized applications and smart contracts, ensuring that data and transactions are protected at a high level