Smart contracts: Hyped or Useful?

[defoman]

I think you are very wrong, as bounty hunter, I can tell you that now there are a lot of new projects that offer the introduction of smart contracts in various fields. But most importantly, some of them have collected soft cap and have already signed a contract with companies to implement smart contracts. This means that smart contracts have a future, it just takes time.

[tytanhamon04]

A smart contract is a breakthrough in the technology of exchange of cryptocurrency and documents between people. They give confidence in the transaction and you know that you will not be deceived , just do not need to resort to a third party that also increases the anonymity of the transaction in our world when all the state watching people.

[taratorly]

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?

From now, I think we can't see any real smart contracts examples. And yes it can be useful when it is using properly. When we look clearly, we can see a great number of project is depending on this contracts.

[OluwaTosin10]

The concept of smart contract does have its advantages in the crypto world
It enables each platform or ecosystem to own their own Blockchain operation with a bit ease

Even though it can be mischievous and misused
We can only await a proper correction to such fraudulent acts

[Abiky]

The concept of smart contract does have its advantages in the crypto world
It enables each platform or ecosystem to own their own Blockchain operation with a bit ease

Even though it can be mischievous and misused
We can only await a proper correction to such fraudulent acts

Yes. Without a doubt, smart contracts bring many advantages to the blockchain industry. They promise to radically transform many traditional services we've been accustomed for a long time such as: Proof of Ownership, Legal Services, and more. While it’s a little early to say if smart contracts are hyped or useful, this technology has proven to be extremely popular for the launch of ICOs.

Because smart contracts enforce the execution of code, they behave in a better manner than dealing with humans themselves. Their success may somehow transform our world in the future, where we won't need to depend on middlemen or third parties for nearly everything we do on our lives. Hence, smart contracts could be useful for the world if people are ready to adopt them. Just my opinion

[BADBITCH]

I think smart contracts are very helpful and we have not really taken full advantage of the important of smart contracts

But they can also be hyped if we consider cases of failed icos who created fake tokens amongst others

[taktik]

I think smart contracts are very helpful and we have not really taken full advantage of the important of smart contracts

But they can also be hyped if we consider cases of failed icos who created fake tokens amongst others

in any case, there are quite a few fraudulent projects on the company’s ico market, as in the cryptocurrency market there are already Coins that do not represent any value. But you can pay attention to such projects, whose value inflates artificial. Of course, ideas may be interesting, but their rating is a little twisted, and does not fully correspond to reality. As an example, you can bring ripples.

[trudovik]

Now I am studying the whole of this business and I understand that in general it is a simple algorithm and there is nothing there that we cannot do today. But this is automation and this suggests that today we are creating the future of the financial sector.

[allohha]

Now I am studying the whole of this business and I understand that in general it is a simple algorithm and there is nothing there that we cannot do today. But this is automation and this suggests that today we are creating the future of the financial sector.

The fact is that if we analyze 2018 and 2017, the teams tried to do quite a lot, but the results speak for themselves. I very much hope that the situation will change for the better.

[Squirrel Dearing]

I believe that smart contracts have a promising future and this is an innovation that will make our lives easier and safer. As one of the promising areas for the use of smart contacts, I consider the legal sphere. For example, the need for a notary can disappear and any transactions can be made automatically using a smart contact.

[Wildwest]

I think it's very useful, as evidenced by the many ico developers using smart contracts to develop their tokens and help other investors invest even though it's not perfect but at least useful enough

[Little Mouse]

In real life, we are practising a lot of contracts like the smart contract. So, why it is a hype only? I think smart contract can be used in real life activities too.

[Bravext]

We have seen examples of what smart contracts can do in decentralised exchanges, imagine everything we do now that needs middlemen and escrow services being replaced by this technology, I think it is very viable in real world adoption.

[sell my ac_________nt]

I think that the value and their importance in the modern economy is exaggerated, as they have a real and large-scale application. But the situation may change significantly in the future.

[Abiky]

I believe that smart contracts have a promising future and this is an innovation that will make our lives easier and safer. As one of the promising areas for the use of smart contacts, I consider the legal sphere. For example, the need for a notary can disappear and any transactions can be made automatically using a smart contact.

Exactly. That's what I've thought in the first place. The autonomy of smart contracts and their ability to enforce code exactly as programmed, could eliminate the need for notaries altogether. Right now, Ethereum and other alternatives have been struggling with real use cases for smart contracts. So far, ETH has been widely used for the launch of ICO tokens across the crypto market. However, once mainstream companies, and businesses get into this space, then real usability could come into effect soon.

But first, scalability problems need to be solved in order to make smart contracts highly effective for the mainstream world. Once this is done, there's nothing stopping major platforms like Ethereum and EOS from gaining huge mainstream adoption by said entities. What has started as hype once, it's starting to become useful at a slow pace. Just my opinion

[maculeth]

actually very useful to support and be an umbrella for new projects that will introduce their new products to the market with their respective concepts and models. but it became a hype when too many made and turned out to be almost the same and made them worthless.

[pushups44]

Smart contracts are useful but they need a protocol that is fast, cheap, and can scale. Perhaps they will not revolutionize all industries as some believe but they can clearly play a role in removing intermediaries and centralized entities. I think Ethereum, Cardano, and EOS will be the leading smart contract platforms of the future.

[Sephire]

The concept of smart contracts is very good. These  have been used a lot by so many ICOs to automatically collect payment and send tokens and some similar other uses. More use cases will emerge as user adoption increases.

[hellyah070]

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?

What do you mean hyped? I think it depends on how the project or particular ICO measures and implements their marketing strategy that's why there is too many investors supporting them. Not really hyped like what JPMorgan is doing to his business.

[dimonarka]

I think this is useful and necessary. This makes it possible to safely exchange money, property and other assets directly, without the participation of intermediaries.