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Title: What's The Point of Smart Contracts? Post by: crypto1010 on February 26, 2020, 05:53:41 PM Ever since blockchain graced the tech world with its presence, smart contracts have been its most ground-breaking killer app. In fact, they have rapidly become a must-have innovation for businesses. This amazing piece of technology allows you to conduct transactions, make transparent deals, automate processes, exchange money, property, or anything of value – all without lifting a finger.
The dApp ecosystem is growing at tremendous speed. Decentralized applications are popular because they are open-source, decentralized and incentivized. Ethereum has allowed developers to run their dApps on top of Ethereum's network but unfortunately, the sheer amount of dApps has collapsed Ethereum's network a few times as the ETH blockchain can only handle a few transactions per second. The need for more scalability and high transaction throughput is definitely growing. www.avalabs.org knows this and focuses on providing a dynamic smart contract platform that removes the need for forks using a community consensus system for upgrades. AVA is a truly decentralized platform that allows users to vote and impact the network while providing developers with high transaction speed and scalability. |