Ethereum Losing The War For Smart Contract Dominance

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Smart contracts are the key to the potential of blockchain, enabling it to become so much more than just a distributed ledger that stores financial data. Ethereum, since launching back in 2015, has rightly been considered the “King” of smart contract platforms. However, it is now under serious threat of losing that crown as new blockchain projects emerge and smart contract technology matures. 

Ethereum was the first blockchain platform to introduce smart contract support, enabling self-executing agreements that rely on the distributed ledger to record the terms of a transaction. With smart contracts, when predetermined criteria are met, the transaction is facilitated automatically and instantaneously, with immutable finality. 

Smart contract platforms such as Ethereum are widely …