Ethereum is the technology that was specifically designed as a smart contract platform. Ethereum smart contract lies in its decentralized groundbreaking way of running on the Ethereum virtual machine. EVM is globally distributed platform that helps to save costs along with simultaneously increases the security. In the comparison of Bitcoin smart contract platform, it provides more expressive as well as a comprehensive language for scripting. Bacancy, being a renowned blockchain development company for smart contracts and Ethereum applications, it ensures to assist organizations in leveraging their business by implementing Ethereum technology.
Get self-executed when the condition is fulfilled via external triggers.
It connects with an internal system of a Bank and external factor of share price.
Records all the mandatory T&C of a contract on a Distributed Ledger that is shared between all participants.
Provides data for compliance and reporting by evaluating the pre-defined conditions.
Ethereum is used to build any kind of smart contract. The core purpose behind Ethereum is decentralization. As they do not run on any one server or computer: they execute on the blockchain that is distributed across the globe. Ethereum performs through a proof-of-work, means every computer on the network comes to an agreement about the transaction before it is getting any approval.
Ethereum smart contracts make it possible to create as well as manage assets, both tangible and intangible - privately, securely and at an economic cost. It’s one of the most exciting value-added feature is automation.
User data is extremely secure against theft or hacking as all Ethereum applications and smart contracts run on a blockchain. It is decentralized so, there’s no risk of service disruption in case an accident, human error or natural disaster to make a server go offline. The foremost benefit of decentralization is that there is no single point of failure.Let's Get Started
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