Advantages of Ethereum
In addition to decentralization and anonymity, Ethereum has various other benefits, such as the lack of censorship. For example, if someone sends something offensive to Twitter, Twitter may choose to remove it and punish that user.
Community decisions also prevent malicious actors from taking over the administration. Someone with bad intentions will have to control 51% of the network to make a change, which is almost impossible in most cases.
Then there are the smart contracts, which automate many of the steps taken by the central authorities in the internet space. Finally, it is easier to get Ether as companies like PayPal and its subsidiary Venmo support the crypto market with fiat currencies directly within the app.
Disadvantages of Ethereum
Although Ethereum sounds like a perfect platform it also faces its own problems which it is trying to solve.
The first problem is scalability, i.e. scalability. Vitalik Buterin envisioned Ethereum as the internet is now with millions of users interacting simultaneously. An additional key problem associated with scalability as it limits it is decentralization. A central entity, an organization like Visa can manage everything having perfected the trading process.
Secondly, there is limited accessibility. So far Ethereum is costly to develop and interact with users unfamiliar with its technology. Some platforms require specific wallets, which means that someone who needs to move their ETH to another wallet should be compatible.