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. 

Cardano's Alonzo Hard Fork Event will be on September 12th!

13 Aug 2021 3 minute read 10 comments CryptoTjark

Hey Humans, After 6 years of work, 2 programming languages, loads of peer-reviewed scientific papers and wars of tribalism - it is finally here. We have seen the announcement of the announcement, and now we are ready to leave the Gougen Era. This wil...

Ethereum in focus, the world's largest smart contract provider.

10 Aug 2021 3 minute read 2 comments Austras

Ethereum is the token used to exchange for services and pay for gas fees on the ethereum blockchain. Developers can create Dapps, Decentralized apps ontop of the ethereum blockchain providing a large range of services and functions while having a sta...

Purchasing SafeMoon via SafemoonMark's SafeMoon Swapper

10 Aug 2021 2 minute read 0 comments Bwvolleyball

EDIT: With the release of the mobile wallets for both Android and iOS, I actually strongly encourage you to disregard this smart contract in favor of their Safemoon Swap functionality, built into the wallet.  They are largely the same in functionali...

Proof of History: Solana + NEON is MESSGA! Making Ethereum Solidity SCs Great again

9 Aug 2021 4 minute read 1 comment Thunderboltkid

Well, its taken awhile about 3 years in fact for Solana to catch fire. Now with the addition of the Solana SC EVM from NEON Labs, which is fact an EVM SC which runs ERC20 Smartcontracts written in Solidity, where Solana SC Platform performance  is ad...

A simple explanation on different types of accounts on Ethereum Blockchain

9 Aug 2021 1 minute read 0 comments The Glitcher

  Ethereum is a decentralized blockchain with smart contracts functionality. It has largest market capitalization after bitcoin and most active blockchain with a very good and active developer community. Ether(ETH) is the native currency in Ethereum...

Creating your own cryptocurrency on Ethereum Blockchain

6 Aug 2021 8 minute read 16 comments The Glitcher

A cryptocurrency is basically a form of digital cash or a digital currency. A currency acts as a medium of exchange and a digital currency is a digital medium of exchange. Cryptocurrencies are a digital medium of exchange. Bitcoin is the first-ever...

Video Article --> DeFi Explained. Starting from the Basics of Decentralized Finance - 1

28 Jul 2021 1 minute read 0 comments MikeZillo

Decentralized Finance is subverting traditional finance by eliminating middlemen. This gives any person the ability to manage their savings themselves. But beware: this does not mean that everyone can, in a few minutes, think of being a financial adv...

Cardano deploys Alonzo White. Hoskinson reveals Stablecoin.

22 Jul 2021 2 minute read 1 comment mpyllan

The AlonzoWhite hard fork was deployed on Cardano's testnet, marking a new milestone in the Smart Contract journey. Hoskinson introduced a novel stablecoin design.   Cardano deploys Alonzo White. Hoskinson reveals new stablecoin (Photo by @Executium...

The interesting bet on Polymarket on weather Cardano will get smart contracts by October 1st

20 Jul 2021 3 minute read 1 comment Greenchic

Image Source  Crypto Community looks disinclined to take Cardano Blockchain seriously Looks like the crypto community is bored of the Cardano Blockchain that is still in the process of launching it’s smart contract feature, that according to Cardano...

The ever-rising inequality and how crypto might solve it

16 Jul 2021 4 minute read 0 comments BBAMarketPerspectives

Wealth inequality is at the tipping point of undermining the growth that we have experienced during the Industrial Revolution. There are three ways that Ruchir Sharma notes how growth can be undermined. First, mass consumption is discouraged because...