Smart Contracts represent computer code that ensures when the terms of the contract are met by both parties. It executes automatically, allowing for peer-to-peer trustless transactions. Smart contract platforms are designed for the building of decentralized applications, layer 2 scaling systems, decentralized autonomous organizations (DAO) and custom protocols. Each platform has a unique open-source user and miner incentive structure and utilizes a BFT consensus mechanism. Each platform…
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