Smart contracts: Hyped or Useful?

[Abiky]

Do you think that the concept of "smart contracts" is hyped or useful/practical for the mainstream world at all? Just asking this, since smart contracts haven't reached the level of adoption required from mainstream businesses and corporations alike. Perhaps, this is because smart contract platforms like Ethereum lack the capacity to handle a large scale of TPS? Or maybe it's because there's lack of trust from said entities into deploying smart contracts for the mainstream world?

So far, smart contracts have been more useful for ICO tokens than anything at all. In some cases, smart contracts have been used for gambling and traditional gaming. Yet, it's to be seen a well-known company implementing their own dApp on a smart contract platform.

What do you think?

[lihongjing]

Smart contracts have little value, and now there has been stability. Ethereum has also been hit. Other coins have begun to have smart contract technology, so this will not be the reason for Bitcoin to take off again in the future.

[cryptogeek101]

Do you think that the concept of "smart contracts" is hyped or useful/practical for the mainstream world at all? Just asking this, since smart contracts haven't reached the level of adoption required from mainstream businesses and corporations alike. Perhaps, this is because smart contract platforms like Ethereum lack the capacity to handle a large scale of TPS? Or maybe it's because there's lack of trust from said entities into deploying smart contracts for the mainstream world?

So far, smart contracts have been more useful for ICO tokens than anything at all. In some cases, smart contracts have been used for gambling and traditional gaming. Yet, it's to be seen a well-known company implementing their own dApp on a smart contract platform.

What do you think?

 I think the issue of smart contract is more practicable than any other concepts in the blockchain world of business, for instance,this has been mostly experimented in the music industry where financial payments  have been fairly distributed to various participants through the smart contract platforms

[saycryptohello]

I believe that the use of smart contracts is a justified decision, but now I cannot give working examples where smart contracts are already used in business, can someone tell me? Meaning, is not the prototypes and MVP, the specific solutions/application?

[luthvie]

i think smart contract was usefull for clarify that project was real, if some project release the token but didnt have a smart contract, it was surely scam one.

[JimmyNg90]

It is not hype. Smart contract is doing its role well. I think it is "smart" or not depended on developer. So, smart contract adoption is also depended on who write it.

[Red-Apple]

when i first found out about the concept of Smart Contracts and read about it, i was very excited and thought it is a very useful thing. but as time went by all i saw out of it was pointless smart contracts that had no reason to exist! then i figured out that my source was mainly advertising the platform so it was hyping up smart contracts to advertise and pump the token of the platform to make money.

my conclusion is that Smart Contracts are useless unless i see something real out of them that is not a worthless token/ICO thing. until then i wouldn't change my opinion.

[shadowduck]

I think that as an idea this is good, but it is very important that when people using smart contracts in gambling and so on, the developers must not forget about security.

[yapa ve yalniz]

i really think it's very useful.
I think all coins need to be like this. Assurance in this market is very important now

[Script3d]

For me it will fall out to either hyped or useful or in the middle, some projects are good and some of them sitting on top 100, others left the ethereum ecosystem to improve their product more like tron, there are alot of useless tokens but there are some useful and outside of smart contracts there are more useless cryptocurrency like bitcoin cash and other bullshit.

[hesham51]

You may be right, but don't forget that smart contract was disruptive idea and as you mentioned gave ICOs opportunity to create their tokens until some of them transit to their Networks, but until now we don't see any project in reality which need the high TPS.

[jcpone]

Smart contracts are really useful in the field of blockchain. Ethereum and EOS are the blockchian that offer smart contracts. Smart contracts have advantages and also limitations. As soon as the blockchain technology go mainstream, smart contracts will surely play a huge role in revolutionizing contracts by transparency, speed and security.

[accounting 181293]

Do you think that the concept of "smart contracts" is hyped or useful/practical for the mainstream world at all? Just asking this, since smart contracts haven't reached the level of adoption required from mainstream businesses and corporations alike. Perhaps, this is because smart contract platforms like Ethereum lack the capacity to handle a large scale of TPS? Or maybe it's because there's lack of trust from said entities into deploying smart contracts for the mainstream world?

So far, smart contracts have been more useful for ICO tokens than anything at all. In some cases, smart contracts have been used for gambling and traditional gaming. Yet, it's to be seen a well-known company implementing their own dApp on a smart contract platform.

What do you think?

I also feel the purpose of the SmartContrac concept is not appropriate. SmartContrac should be more suitable for use by companies that are already operating, not in the development stage. but the reality is that using Smartcontrac is different, the startUP is just starting to develop.

[Kevin77]

Smart contracts are something that will be required in the future for many things, they are building an amazing platform for many purposes and creating a huge utility for the blockchain it belongs to.

The more blockchain is used the more miners or stakers will be making money from the workload and the more they make the higher they will be profiting creating an economy that will result with the coin going up naturally and actually worth something instead of having no backing at all. This was the reason why I told everyone when Ethereum was falling in price to not sell and if possible buy more because Ethereum is backed by a lot of usage and it will go up as soon as sell orders stop which it did.

Smart Contracts are not overhyped they are underhyped to be honest with you, we should be focusing on them a lot more.

[bitmover]

Both hyped and useful.

However ethereeum is still in its infancy, and smartcontracts cannot interact with data from outside the blockchain. Once oracles are up and running we will see many daily uses for smartcontracts. For now smartcontracts are used for now only with data inside the blockchain, so we have only ICOs, Dex and apps like cryptokitties..

[Georgiyk]

I strongly disagree that smart contracts are useless in life and are only useful for ICO and gambling. An example of the application of a smart contract is the customer protection service in Aliexpress. When the buyer pays for the goods, the amount is deducted from the card, but the seller does not receive this money until the buyer receives the goods or a certain time must elapse from the moment of the transaction.

[arditiyan]

I think smart contracts are quite helpful, especially in the field of industry and preparation of the 4.0 industrial revolution. with smart contracts they are able to make efficiency

[sumangs]

Smart contracts are useful because it doesn't need a third party (escrow) to ensure the payments. It was also hyped due to the rise of ethereum and other ICOs that are good and bad. Even hyped or not it was still an innovation having an idea like that. Smart contracts will be the thing in the future for sure due to its features that could be beneficial to online stores like amazon or any online stores that will surely be happening because of the rising technology that the human kind striving at.

[dulinivanrus]

I think that smart contracts are really useful because they create confidence in the transaction between two people and there is more confidence because it does not require the presence of a third party.

[suryogandul]

some studies have found that smart contract ethereum has several weaknesses that can be exploited and are very vulnerable, but it cannot be denied that the technology and alternatives offered are very helpful