When it comes to smart contracts, Ethereum is often the first thing that comes to mind. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
However, Ethereum is not the only platform that supports smart contracts. Other platforms that offer support for smart contracts include EOS, NEO, and Cardano.
NOTE: Warning: Smart Contracts are not exclusive to Ethereum. While Ethereum is the most popular platform for smart contracts, other platforms may be better suited for specific types of contracts and applications. Therefore, it is important to do research and evaluate all available options before deciding on a platform for your smart contract.
Each of these platforms has its own advantages and disadvantages. For example, EOS offers a more user-friendly experience than Ethereum, while NEO supports a wider range of programming languages.
Ultimately, the decision of which platform to use for smart contracts depends on the specific needs and preferences of the user.
4 Related Question Answers Found
Yes, Ethereum can be used for smart contracts. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
Ethereum smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts enable the performance of credible transactions without third parties. These transactions are trackable and irreversible.
A smart contract is a computer protocol that executes the terms of a contract. It is a self-executing contract with terms that are written in code. The code and the conditions of the contract are stored on the blockchain.
In 2016, a hacker exploited a flaw in a popular Ethereum smart contract known as the DAO and stole $50 million worth of ether. The hard fork that followed caused a split in the Ethereum community, with some people remaining on the original blockchain and others switching to the new version. Since then, there have been a number of other high-profile hacks of Ethereum smart contracts, including the Parity Wallet hack in which $30 million worth of ether was stolen, and the Coindash ICO hack in which $7 million worth of ether was stolen.
