By Solomon Odunayo
Weiss Crypto Ratings, the leading provider of independent, unbiased, trusted ratings of Stocks, Mutual Funds, Cryptocurrencies, ETFs, & Financial Institutions, has recently mentioned the smart contract platforms that made the top 5 on its list.
Obviously, the struggle for supremacy abounds in the cryptocurrency world. All cryptographic projects strive to be identified with the top performers in the industry.
However, this contest has so far played out in favor of the cryptocurrency ecosystem. The strife for top spot has been aiding the consistent growth and development in the crypto sphere.
Weiss Crypto Ratings: Cardano, Ethereum, Tezos in Our Top 5 Smart Contract Platforms
Weiss Crypto Ratings, a highly respected Crypto projects’ Rater has showcased its acknowledgment regarding a big contest in the cryptocurrency world due to the system overhauling projects emerging amidst the cryptographic projects, which raises a question about the smart contract that is capable of claiming the utmost spot in 2020.
In the tweet, the crypto rater mentioned Ethereum, Tezos, and Cardano as the smart contract platforms in its top 5. Actually, virtually all the three cryptographic projects mentioned have great plans and projects to bring about great transformation this year.
The Crypto Rater shared this, “One of the biggest contests in crypto world right now is who’s going to be the next smart contract leader. Out of all smart contract platforms the world finds useful, in our top 5 are Ethereum, Tezos and ADA. Who do you think other leading smart contract platforms are?”
One of the biggest contests in #crypto world right now is who's going to be the next smart contract leader. Out of all smart contract platforms the world finds useful, in our the top 5 are #Ethereum, #Tezos and #ADA. Who do you think other leading smart contract platforms are?
— Weiss Crypto (@WeissCrypto) February 3, 2020
What is the Meaning of Smart Contracts?
A smart contract is a contract that is self-executing with a binding agreement written in lines of code between the buyer and the seller.
The binding agreements and the code exist across a decentralized and distributed blockchain network. The execution of the transaction is controlled by the code, which makes transactions trackable and irreversible.
Smart contracts make trustworthy transactions and agreements happen among anonymous individuals without the need for a central authority or legal system.