Everything About Smart Contract - News, Opinion & Analysis

Smart Contract

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A smart contract is a self-executing digital contract enforced by the terms of an agreement that are written into lines of code. When a smart contract’s predefined rules are met, the agreement is automatically enforced and the contract is executed.

The term “smart contract” was first proposed by Nick Szabo in 1994. Szabo defined smart contracts as computerized transaction protocols that execute terms of a contract. He envisioned smart contracts to revolutionize financial transactions by bringing them to the digital realm. With the advent of cryptocurrencies and blockchain technology, Szabo’s vision is being fulfilled as smart contracts are being implemented on blockchain or distributed ledger technology. 

Smart contracts enable credible transactions to be executed without third parties and are thus superior to traditional contract law and reduces the transaction costs associated with contracting. They allow anything of value to be transacted in a transparent, trustless, and conflict free way without a middleman. Therefore, smart contracts have the potential to disrupt and revolutionize a number of industries with their numerous use cases.

Such use cases include and are not limited to; banking and financial services, prediction markets, insurance, digital identity, real estate and land titles recording, authorship and intellectual property rights, the internet of things (IoT), tax records, and more.  

Smart contract technology is being implemented on a multitude of cryptocurrencies and blockchain protocols that enable developers to write their own programs and smart contracts. Ethereum is the most notable blockchain protocol enabling smart contracts and others include EOS, Cardano, NEO, Hyperledger, NEM, Tron, and the list goes on. 

CasperLabs Raises $14M in Private Sale

22 Oct 2020 1 minute read 6 comments Abhimanyu Krishnan

Smart contract platform CasperLabs announced on October 21 that it had raised $14 million in a private sale.  The $14 million private sale was led by crypto fund Digital Strategies, with other investors including HashKey Capital, RockTree Capital, S...

Radix partners with Quantstamp

20 Oct 2020 1 minute read 0 comments uygarpelin

About Quantstamp Quantstamp is the first scalable security audit protocol designed to find vulnerabilities in Ethereum smart contracts.It is a leader in blockchain security providing expert security audits and blockchain solutions. Top crypto and en...

Radix partners with Chainlink

19 Oct 2020 2 minute read 2 comments uygarpelin

What is Chainlink Chainlink (LINK) is a decentralized oracle network that aims to connect smart contracts with real-world data.-What we have to say for Oracle is that a user requesting access to off-chain data can submit a request agreement to the C...

LionRED Finance is a solution for accumulating governance power in Ethereum based protocols

19 Oct 2020 3 minute read 0 comments JaksHitam

The dynamic is assuming a focal part in everybody's life. Regardless of how genuine choices you make, you are actually influenced by numerous decisions of different substances like governments, companies, budgetary foundations, and numerous others. R...

DeFi Guide with Radix

18 Oct 2020 2 minute read 0 comments uygarpelin

What is DeFi ? DeFi expression is created by combining the abbreviations of decentralized finance. In other words, it refers to an ecosystem of financial applications built on blockchain networks. DeFi (decentralized finance) is a system that allows...

ETHwriter: Coinbase Earn Targets Mobile Smart-Contracts with Compound

17 Oct 2020 4 minute read 34 comments Thomas Wolf

Coinbase has just launched another opportunity to earn $10 to $53 USD in free Compound (COMP) by demonstrating a smart-contract setup in Coinbase Wallet mobile app linked to Coinbase accounts.“I’m a great believer in luck, and I find the harder I wor...

How The Centralized World Is Meeting The Decentralized Future

17 Oct 2020 3 minute read 0 comments Anarkos

DeFi has unquestionably become the latest allure of the crypto world. These innovative financial products powered by smart contracts have effectively removed the middleman (traditional banks) from the borrowing-lending equation and created a truly pe...

Phore Blockchain are glad to announce an AMA session with Blockchain Infinity

16 Oct 2020 1 minute read 4 comments miguelm

Dear all Publish0x Community, The Phore Blockchain Team will host an AMA seesion with Blockchain Infinity. There will be for sure some great news and updates that you can't miss. Join the AMA and make any questions you would like! Bellow you have all...

The Next Future of Blockchain Development in Education Sector

15 Oct 2020 4 minute read 0 comments manubr

The technology sector is now playing an essential role in shaping the future of many industries around the globe. The technique has grown in recent years at a lightning-fast speed. Backed with enhanced security, blockchain solutions are also integrat...

Get Ready For Phase 0 Of Ethereum 2.0 🚀 Here Is All You Need To Know

14 Oct 2020 3 minute read 19 comments Cryptonator`s

Ethereum 2.0 is coming soon. Well, at least the first phase of it is coming soon. So the upcoming upgrade of Ethereum is a bigger process consisting of different phases. This is going to be massive for the Ethereum universe. Here is everything you ne...