While the Lightning Network was limited to work strictly for payments, Plasma extends the idea to more complex computations,
like ethereum smart contracts.
Not exact matches
Cardano is a
smart -
contract capable platform (
like NEO and
Ethereum) with additional features.
Per Google Trends, searches in
Ethereum - related terms
like «
smart contracts» and «solidity» currently reside around all - time high levels; continuing their strong organic growth that characterised 2017.
Ellaism is a lot
like Ethereum (a place to build
smart contracts and decentralized apps), but it changes some attributes of the coin.
While
ethereum developers might
like to highlight how the flexible
smart contract platform differs from bitcoin, for example, it isn't unique in regards to scalability.
As explained in our guide «How
Ethereum Mining Works», miners are the ones that are preventing bad behavior -
like ensuring that no one is spending their money more than once and rejecting
smart contracts that haven't been paid for.
However, NEO shares other similarities with
Ethereum too
like they are both cryptocurrency projects that use open source technologies which makes them perfect for ICOs,
smart contracts, and Dapps.
Beyond being a stand - in for money, other tokens and coins are used for their utility,
like smart contracts on the
Ethereum network.
Ethereum is second generation blockchain tech, and introduces extra functionality — a computing environment that can be programmed to make
smart contracts and also other cryptographic tokens (which kind of make
Ethereum the daddy of other «coins» which we see propagating
like field mice).
The goal of a DApp is (well, should be) to have a nice UI to your
smart contracts plus any extra niceties
like IPFS (a neat way to store and serve stuff in a decentralized network, not made by
Ethereum but a kindred spirit).
While
ethereum developers might
like to highlight how the flexible
smart contract platform differs from bitcoin, for example, it isn't unique in regards to scalability.
Buterin confirmed that
Ethereum will eventually introduce formal verification for
smart contracts and that a new Python -
like smart -
contract programming language — dubbed «Viper» — is being implemented to enable the development of safer
Ethereum applications.
Some have imagined solving the money problem using cryptocurrencies and
smart -
contract platforms
like Ethereum to enable more efficient, standardized and transparent payments, but these technologies do not address the data problem of knowing who to pay.
They are working with banking institutions to blend traditional fiat currencies with the emerging crypto world to benefit both businesses and customers by offering
smart contracts and blockchain transparency, without having to worry about the volatility of traditional cryptocurrencies
like Bitcoin and
Ethereum.
With platforms
like Experty.io, there is no need for any party to trust each other — payments are automatically calculated by an
Ethereum smart contract and settled on the
Ethereum blockchain almost instantly.
Buterin confirmed that
Ethereum will eventually introduce formal verification for
smart contracts and that a new Python -
like smart -
contract programming language — dubbed ``
Ethereum, an alternative blockchain technology framework which offers higher flexibility and programmability for
smart contracts, is gaining momentum at an impressive rate, despite momentary setbacks
like the recent drama around The DAO.
RSK's effort to bring
ethereum -
like smart contracts to the bitcoin blockchain could go live in 2017, its lead developer has told CoinDesk.
NEO cryptocurrency is widely considered as «Chinese
Ethereum» because it,
like Ethereum, is aiming to build a platform on which other DApps or Decentralized Applications could be built by letting users execute
smart contract code on their Blockchain.
«We're using that because we think it's important for our team to understand [
ethereum smart contract language] Solidity and kind of have a sense of what an ERC token looks
like, how that would work,» Fabian said.
Meanwhile, the overhead and complexity involved in maintaining a
smart contract - enabled blockchain
like ethereum has resulted largely only in continuous comedy memes.
Blockchain technologies
like Ethereum have built - in
smart contracts.
Much
like Quorum,
Ethereum or NEO, the upcoming EOS network will be a business - oriented
smart contract platform.
It is a platform for distributed
smart contracts, much
like Ethereum, but the fact that it's a bitcoin sidechain means that it will use the bitcoin currency by default.
NEO cryptocurrency is widely considered as «Chinse
Ethereum» because it,
like Ethereum, is aiming to build a platform on which other DApps or Decentralized Applications could be built by letting users execute
smart contract code on their Blockchain.
Coins,
like PXT, created on the
Ethereum platform are based on a
smart contract.
Public interest in the industry could be why something
like Litecoin is up around 5800 % this year and
smart contract platform
Ethereum is up almost 9000 %.
Achain is much
like Ethereum in that people can build
smart contracts, issue tokens and develop applications on the blockchain.
Particl's approach to MAD escrow
smart contracts is arguably better than building
smart contracts on a platform
like Ethereum.
It is this potential revolution in
smart contracts that may hold their key to success, outdoing big names
like Ethereum and EOS.
There are privacy - centric coins such as Dash and Monero,
Smart Contract platforms
like Ethereum and Lisk, and even in - game assets
like BitCrystals.
With the use of
smart contracts and other technology involved helping to revolutionize the digital currency industry,
Ethereum looks
like it will continue to grow.
For Particl, Bitcoin provides the ideal mix of
smart contract functionality — enough to make
smart contracts easy to implement but without the security and privacy risks of a more complicated platform
like Ethereum.
While Simplicity is intended as a low - level language for
smart contracts, O'Connor envisages the possibility of compiling programs written in higher - level languages (
like Ethereum's Solidity) to Simplicity.
The team describes Synereo's native
smart contract language, Rholang (Reflective, Higher - Order process Language), as safer than similar languages
like Ethereum's Solidity and more similar to established reflective programming languages
like Java and C#.
In what seemed
like an attack using an intentionally difficult - to - execute
smart contract, the much used
Ethereum implementation Geth stopped functioning altogether, while another implementation — Parity — was also having issues.
Smart contracts are code running on (usually) public blockchains,
like Ethereum, and can offer the functionalities of securities more cheaply and more transparently than public securities — or even more privately, when encrypted on the blockchain (Oraclize.it encrypted queries) and able to disclose different information to different types of investors.
You would think that a guy who has been working on
smart contracts for this long would have seen more of the benefits behind something
like Ethereum, but that isn't the case for reasons I'll reveal in this post... If anything my experience has only made it easier for me to dismiss it.
Also, blockchains
like Ethereum require that developers build
smart contracts using their own programming language, particularly Solidity.
Blockchains have also evolved from simply offering financial transactions to also supporting
smart contracts, which is the main feature of technologies
like Ethereum.
schneier.com - Interesting research: «Finding The Greedy, Prodigal, and Suicidal
Contracts at Scale»: Abstract: Smart contracts — stateful executable objects hosted on blockchains like Ethereum — carry billions of dollars worth of coins and can not be updated once
Contracts at Scale»: Abstract:
Smart contracts — stateful executable objects hosted on blockchains like Ethereum — carry billions of dollars worth of coins and can not be updated once
contracts — stateful executable objects hosted on blockchains
like Ethereum — carry billions of dollars worth of coins and can not be updated once deployed.
Smart contracts make fraud and censorship even less likely than with other cryptocurrencies and the
Ethereum blockchain is great for crowdsourced funding that doesn't require a third - party middle - man
like Kickstarter or IndieGoGo.
Lee suggested it remains to be seen whether applications
like smart contracts become a use case for
Ethereum, or if other efforts are successful at replicating this functionality on the bitcoin blockchain, an idea industry startup RSK Labs has raised $ 1m to undertake.
Stellar Lumens also facilitates
smart contracts, just
like Ethereum does.
Launched in 2015,
Ethereum has some cutting - edge features
like smart contracts and distributed an application that runs without any downtime, reduce the risk of fraud or interference from third party and secure platform for trading.
Launching an ICO using a
smart contract token from
Ethereum might make it seem
like you're being lazy, greedy, or lacking the desire to build your own product for the long term.
In terms of
Ethereum, you can almost consider them apps that run on the
Ethereum protocol, capable of just about anything an application can do; a site
like Air Bnb could run entirely on a
smart contract with a website wrapper.
Like the concept of
smart contracts, the DAO is a little tough to understand, but it is incredibly important to the long - term
Ethereum value.
The premise of blockchain 3.0 is a
smart contract platform that can handle a significantly greater amount of transactions per second than 2.0 platforms
like Ethereum.
But also, an alternative way to fuel ICOs would be through the use of tokenized fiat currencies, either through tokenization processes over
smart contracts, or by creating ether on a private version of
ethereum (
like JPMorgan's Quorum) redeemable in fiat.