Blockchain-based platforms are becoming increasingly popular due to their ability to maintain a public distributed ledger, providing reliability, integrity, and auditability for transactions without a trusted entity. Early blockchain platforms, such as Bitcoin, focused solely on creating cryptocurrencies and payment systems. In contrast, more recent platforms, such as Ethereum, can also act as distributed computing platforms, enabling the deployment and execution of software code in the form of smart contracts. The key advantage of smart contract based distributed applications is that the security guarantees of the underlying platform safeguard the state and execution of smart contracts.

However, the trustworthiness of…

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