A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control, or document legally relevant events and actions according to the terms of a contract or an agreement. I Recently found the project of Expx who has a protocol with a set of smart contracts which you can deposit and swap tokens, similar to the Balancer protocol powered by Ethereum. The balancer they use is an Uniswap alternative/competitor/ killer. The balancer already locks up US$ 1.6 billion! Market leader Uniswap is locking up US$ 3.8 billion, and Balancer is rapidly catching up with it!
For instants, the Bitcoin network supports a wide range of smart contracts using its powerful scripting language, called Script. The script allows users to establish criteria for their bitcoin to be spent, and Bitcoin transactions lock specific amounts of bitcoin to these scripts.
No comments:
Post a Comment