Question
1.Despite its large earnings potential, one of the arguments against cryptocurrencies such as Ethereum is its price volatility in the market and financial security risk
1.Despite its large earnings potential, one of the arguments against cryptocurrencies such as Ethereum is its price volatility in the market and financial security risk due to a lack of a central regulatory authority. Nevertheless, these are still being patronized by investors, especially those coming from the younger generation? Do you think it is worthwhile to invest in cryptocurrencies such as Ethereum? What could be an explanation for this risk-seeking behavior among crypto investors?
2.I have read about gas fees and I am curious about it, in one research stated that "the gas system's flexibility and inherent intricacies like in Ethereum make developing blockchain-powered apps tough" (Zarir et al., 2021). Can you elaborate on how developers should specify the gas (or transaction fees) requirements for these transactions, given that miners are permitted to select transactions in any way they see fit, and that the gas cost of a contract transaction is only known after it is processed and included in a new block?
3.What are the possible steps of smart contract development from a "Business Perspective"? And, is there a possibility to recover an ethereum account with No Private Key? If there is, How?
4.There are arguments on investing in this since, I think, one reason is, it is not attached to any government laws or authorities, thus the question on its reputation. Do you find Ethereum as a lucrative investment? Given that there are no laws to govern the operation of Ethereum, there arises legal issues and liabilities. There are no legal avenues to run to whenever untoward incidences happen alongside the patronage of this. (You may agree or disagree with me).
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