Back in time, contracts are contracted verbally and physically between the contractual parties and of course with a third-party standing as witness/ intermediary in case anything goes wrong.
The challenges associated with the traditional system are quite numerous and hectic in nature varying from the challenge of date and time, the challenge of location, the challenge of too many paper works and the challenge of large fees.
With all of these, Ethereum limited is now stepping in to proffer solutions to these challenges associated with the traditional system with what is known as "Smart contracts".
Smart contracts are computerized transaction protocols that executes the terms/conditions of a contract. It is a protocol that implements the conditions of the negotiation before the contract is finalized. The protocol removes the need for third-party and still carries out credible and satisfactory transactions. Transactions carried out with smart contracts are easily traceable, accessible and free from tempering there by making them irreversible. Ethereum limited Smart contracts removes challenges associated with the traditional contract laws like large fees, human errors and too many paper works.
The Ethereum limited smart contracts possesses the following features;
**Ethereum limited smart contracts acts as 'multi-signatory' accounts, allowing funds or capital to be spent solely when the required number of users involved in the contract accedes.
**Ethl smart contracts brings utility to every other contract.
**Ethl smart contracts allows agreements to be made between users and ensures that the agreements are carried out religiously.
**Application's information such as membership records are stored with Ethl smart contracts.
Now you might be wondering that with all of these said and read, what exactly is Ethereum limited?, Why should you be a user of Ethereum limited and what are the features and benefits they provide? How much does the Ethereum limited care about their users?
Yes all these are likely questions you and other users would wants answers to.
First,
Ethereum limited is a decentralized platform that runs smart contracts. It is a platform that gives rights to everyone to be able to create smart contract(s) of thier own with or without programming skills or knowledge.
Ethereum limited is also a platform that has envisioned a world where smart contracts will be as common as mobile phones, computers and other ICT gadgets and cryptocurrency as normal as fiat currencies are in the world of today.
Second,
You should be a user of Ethereum limited because it is hack-proof due the fact that it is decentralized and cannot be compromised. It's also not being controlled or managed by an authority or the government so all your personal records and contracts are protected and secured from tempering by any unauthorized person(s). Ethereum limited also allows you to create smart contracts as easily as repeating the alphabets.
Ethl has the feature of absolute privacy by protecting the identity of thier users and online informations from centralized bodies who sells data to highest bidders.
Benefits you also enjoy from being a user of Ethereum limited are;
Speed: Ethl smart contracts are executed in seconds because the computers are the ones executing the terms of the contract unlike the traditional system that takes up to a week or at times months.
Clear communication: Ethl smart contracts eliminates any room for misinterpretation and misunderstanding as the terms and conditions are irreversible.
Transparency: with Ethl nothing is hidden to the contractual parties, all the terms and conditions that binds the contract are made known and clear and once made can not be compromised.
Paper-free: smart contracts eliminates the use of papers when contracting a contract because it is done on the blockchain and internet.
Location problem free: location is not a problem associated with smart contracts unlike the traditional system because contracts can be contacted anywhere and at anytime as far as internet connection is available.
Lasting storage and backup system: Ethl smart contracts automatically takes down every information of all transactions/ contracts.
Token specifications
Token name: Ethereum limited
Ticker: Ethl
Maximum supply: 10,000,000
Decimals: 18
Below is the token allocation
The Ethl roadmap
The Ethl official links:
Website : https://ethlimited.org
Twitter Link :https://twitter.com/EthereumLimited
Telegram Link : t.me/EthereumLimited
Facebook Link : https://www.facebook.com/ethereumlimited/
Reddit :https://www.reddit.com/user/ethereumlimited
Article originally written by: ib iliyas
Bitcointalk username: Cryptoib
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile