Smart Contracts Without Ethereum Exist - And They Can Be Easier

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When you read the term “smart contract,” there’s a high chance you also think about Ethereum. You could say that's their flagship product, but they’re not the only platform that offers this software. It may not be the easiest one for beginners, either.

Several networks have explored simpler ways to automate agreements while keeping the same basic goal: letting software carry out rules that people agreed on in advance. Let's explore a bit the world of smart contracts without Ethereum.

Smart contracts aren't exclusive to Ethereum.

To revisit this concept, a smart contract is a digital program that follows pre-set instructions or agreements when certain conditions are met. It usually involves cryptocurrency, and a transaction can trigger the contract when someone interacts with it or provides the required input. The contract then applies its pre-set rules to determine the outcome.

Everyone involved knows beforehand what the contract will do,...

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