Key challenges in blockchain application dev.
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by lossauzasalle
on 2024-10-18 05:19:51
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May I ask for your opinion on a question I am interested in? The main challenges in blockchain application development. I have heard that this technology promises a lot, but in practice, blockchain application development faces many obstacles. What are your thoughts on this issue? |
Re: Key challenges in blockchain application dev.
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by womocratouzo
on 2024-10-21 09:17:42
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This one is quite fascinating and I am delighted you raised it. Smart contracts are digital contracts that contain terms in computer code and are performed automatically through the Blockchain. In other words, this makes the contract perform its obligations provided certain terms and conditions have been met and without relying on any third party. For instance, in a situation where reliability and honesty are required in the course of financial operations. I also came across a great article that spells out how smart contracts function and you can read it here. There is also a low risk of fraud and all processes are automated which makes it time effective as compared to other contracts. I also buy the idea that one can use smart contracts in as many varied fields as one would like: for example, supply chains or voting. Which of the above smart contracts’ applications do you find most fascinating? |
Re: Key challenges in blockchain application dev.
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by maikeman406
on 2024-10-23 22:11:43
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