The Currency Analytics
By Steven Anderson
Ethereum (ETH) Plug and Play
Ethereum (ETH) has been providing for the most needed Banking & Financial Services Contracts using smart contracts.
Ethereum is good for its finest scripting abilities that is Turing complete with its smart contracts.
While it is not possible to ignore the scaling problems, as they are working on fixing the issue, it only makes sense to look into the potential better side rather than worrying…
The ETH Smart Contracts are fit for application in areas of insurance claims, payments and settlements, national bonds, and mortgages.
Well-written smart contracts provide for efficient automation of several financial transactions.
Sydney Ifergan, the crypto expert, tweeted: "Platforms on the Ethereum blockchain like Gnosis and Augur are exploiting the predication capabilities of smart contracts.
Augur recently required through a tweet: “Augur v2 is planning to use GSN; however, there are currently only a few mainnet relayers running, charging ~70% (default) fees.
In response, "We’re looking to integrate GSN v2 into PoolTogether_to make onboarding easier. My guess is once there is more traffic, the market will become more competitive."
The Augur conversation is proof that ETH is worth looking in to.
Smart Contracts can help fix several bottlenecks faced by several developers who are working towards developing a particular application.
With due integrations, app developers need not rewrite a whole code while they are stuck up proceeding to step next.
Those who are passionate about smart contracts and blockchain technology have already recognized the potential of ETH, and they are already on it.