Most Popular Smart Contracts

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Most Popular Smart Contracts

• If Blockchain is the biggest revolution that the
  world is talking about, then smart contracts are
  the key contributors to the same. These are the
  new world of the digital revolution, which are
  bringing with them a completely new way of
  executing agreements. Smart contracts are
  revolutionary tools.

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• These are pre-programmed digital contracts run
  on Blockchain platforms. They are known to have
  pre-decided terms and conditions, and the
  execution takes place once the conditions are
  met. Since there is no third-party involvement,
  they save a lot of money and time. These have the
  power to improve the existing solution without
  any threat to the legal system.

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• There are a number of smart contracts that are
  currently working, but here we will be
  highlighting five popular ones.
• Best 5 Smart Contract Platforms
• 1. Ethereum It is an open-source platform that
  is not only a cryptocurrency but also offers a
  platform for decentralized application
  development of dApps. It is the worlds leading
  smart contract platform and is the best choice
  for many developers.

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• The platform first surfaced in the year 2015, and
  since then, there has been no looking back. It
  facilitates smart contracts and ICOs. It has
  clear and defining protocols and rules, which
  makes its use easier for developers.

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• Key features
• Free to setup
• ERC-20 token

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• It has its own programming language or Solidity
• Clear standards for developers
• Lots of supporting literature

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• Drawbacks
• Overloaded network
• Expensive than other platforms
• Security issues with Ethereum code

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• Hyperledger Fabric-
• Another entrant to our list of popular smart
  contracts is the Hyperledger fabric. The project
  was started by Linux Foundation in the year 2016.
  It was developed to provide enterprise solutions
  to businesses looking for a safe Blockchain
  platform for transactions. It supports the
  development of Blockchain-based distributed
  ledgers.

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• Key Features
• Open-source
• Free to use
• Permissioned Blockchain
• . Supported by IBM

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• Coding of contracts in different languages
• Reliable
• Supports plug-in components

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• Drawbacks
• No token system
• Nem- Founded on March 31st, 2015, this is written
  in Java

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• Key features
• Easy to use
• . No platform-specific programming language
  requirement
• Excellent performance

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• Drawbacks
• Smaller development community
• Lesser tools available
• It uses code off the Blockchain thus making it
  decentralized

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• Stellar- This is one of the oldest smart contract
  platforms that was founded in the year 2014. It
  is governed by the Stellar Development
  Foundation.

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• Key features
• Best for ICOs
• Inexpensive
• Good performance
• Accepted by the industry

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• Drawbacks
• Not suitable for complex smart contracts
• Wave- Wave was launched in 2016. It is an open
  source platform that aims to address the barriers
  that are present in the mainstream blockchain
  implementation like speed and scalability.

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• Key Features
• Good for ICOs
• Requires little knowledge to create tokens
• Overcomes the barriers of speed and scalability
  that are present in the conventional Blockchain
  system

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• Disadvantages
• Not one of the versatile platforms
• These are some of the many smart contract
  platforms that are there in operations. Smart
  contracts are going to be the future,

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• And if you too are willing to make a career in
  the same, then you must know about smart
  contracts development. For more information on
  this, you must join the Blockchain certification
  course offered by Blockchain Council.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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