Which Smart Contract Platform Do You Need?
Author: Massimo Bartoletti
Release Date: May 23, 2023
Smart contracts are a special type of software application—one that can execute the terms of an agreement in a secure and distributed manner. They have potential to lower costs and speed processes. This research helps leaders to determine which smart contract platform is right for their blockchain use case. It focuses on the top public platforms—Bitcoin, Ethereum, Cardano, Tezos, Hedera, Algorand, Solana, and Avalanche—and it presents seven criteria for evaluation: security, performance and scalability, development costs, execution costs, environmental impact, the contract language’s expressivity, and research and development funding. The author’s deep knowledge and expertise turn an otherwise daunting task into a guide for discussion.