Home Altcoins News Ethereum (ETH) Is Here to Stay Because Deliverables are Forever

Ethereum (ETH) Is Here to Stay Because Deliverables are Forever

Ethereum is Here To Stay

Wikipedia states, “A smart contract is a computer program or a transaction protocol, which is intended to execute automatically, control or document legally relevant events and actions according to the terms of a contract or an agreement.”

The agreement is a state of agreeing with somebody or something.  An agreement exists only when two parties agree to do the same thing in the same sense.  When two parties have a clear understanding of the subject matter in the contract, the actions agreed upon are completed.

Real-time businesses agree upon deliverables, which can be tangible or intangible. Agreements are defined for deliverables in that quantifiable goods or services are provided upon completing a project.

Deliverables have a contractual obligation, and there are conditions defined to declare the task to be considered fulfilled.  Completion of a project will consist of completing sets of actions. These sets of actions are described in Dapps. When the required step is complete, payments are dispensed automatically.

A decentralized application (Dapp) is an application built on a decentralized network that combines a smart contract and a front-end user interface. Applications (Apps) refer to the set of tasks that should be executed in a particular order to complete a task.

All businesses processes in the world require routine deliverables, which need verification of the completion of the tasks. Dapps meant for specific purposes make it easy to complete a particular task efficiently. Thus, keeping business processes sustained. The need for apps to set a routine task is endless.  So, Dapps as a use case is sure to stay.  This is the foundational logic that keeps Ethereum Network backed by ETH to be the second-largest crypto in the cryptocurrency space.  Dapps empowering smart contracts contribute to the efficient functioning of several business tasks.

Scalability issues on the Ethereum network are caused due to the massive demand for Dapps and smart contracts. Therefore, anyone trying to understand the power of the Ethereum network and the value of ETH should try to understand the contract account, contract creation transaction, DAO, Dapp, Deed, Difficulty signature, and more.

There are a lot of buzzwords in the cryptocurrency space.  Anyone who is contemplating whether to invest in cryptocurrency or not should try to understand the value of the network that powers the token.  If there are robust use cases, the network is here to date.  To date, there is no clear valuation process for any cryptocurrency; however, the fact that they are not going away is the first step to be clear about when investing your value.

The decentralized nature of the Ethereum networks ensures there is no single point of failure. And the entire system will not come down any time soon.  ETH 2.0 is expected to bring a breakthrough in scalability. And, when it happens, that can be the beginning.

 

 

 

 

 

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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