Ethereum Smart Contract Application Development

Ethereum Application Development

Ethereum, pronounced: ˈēTHərēəm is an open source, public platform based on distributed blockchain technology. Ethereum is offering smart contract capabilities, a revolutionized way of immutable and un-forged online transactions that paves the way for all kinds of new ideas that can be implemented in a distributed and trustless fashion. See the use cases below.

 
 

Ethereum and Smart Contract

Ethereum is the technology that was specifically designed as a smart contract platform. Ethereum smart contract is a decentralized database system across a pier to pier network running on the Ethereum virtual machine. EVM is globally distributed platform that helps to dramatically reduce cost and enhance security. Uniwebb Software Technology, being a renowned software development company for innovative technologies and Ethereum applications, ensures to assist organizations in leveraging their business by implementing Ethereum technology

 

Some characteristics of Smart Contracts

Smart contracts are:

  • Self-verification
  • Self-execution
  • Tamper resitant

Smart contracts can:

  • Turn legal obligations into automated processes.
  • Guarantee a greater degree of security.
  • Reduce reliance on trusted intermediaries.
  • Lower transaction costs.
 

Blockchain Contract Example

 
 

Further reading

 

Smart Contract Coding and programming

Solidity is a smart contract programming language. The syntax is similar to that of JavaScript, and it is designed to compile to code for the Ethereum Virtual Machine, to create contracts for voting, crowdfunding, blind auctions, multi-signature wallets and more.

 

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