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By WizKey on Altcoin Academy

“Smart Contract” is a new software terminology developed and promoted by public blockchains. It is one of the most successful and utilized applications of blockchain technology.

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Even if a smart contract can be built on multiple blockchain platforms, smart contracts are one of the main products of Ethereum blockchain, the second-largest blockchain currently in place. Ethereum features a “Turing-completeness” language (Solidity) that serves the creation and deployment of customized smart contracts. If it ensures greater flexibility, on the other hand, there is not a fix and certain pre-testable output, resulting in a more risky outcome.

Ethereum is also a blockchain platform where other decentralized applications can be built on. Ethereum fuel is called “Ether”, the cryptocurrency used to pay for transactions. …

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