
… to have is deciding what type of Blockchain to use depending upon the degree of value concerned. A use case with low value, high volume transactions such as those which record social media views, subscriber count or likes/dislikes is typically better done on a smaller, less decentralized Blockchain with fewer participants.
Smart Contracts are truly revolutionary because such rule-based transactions need not be sitting on servers owned by a company. They can now be implemented over the peer-to-peer network of a Blockchain. The benefits and drawba…