Five potentially game-changing crypto projects to keep an eye on in 2022

Smart Contract Audit are agreements between buyers and sellers. These coded contracts define the limitations for executing and tracking transactions. They are unchangeable and transparent, which makes them an excellent replacement for traditional banking.

The smart contracts on various blockchain platforms represent the distribution of node networks. They store data about all transactions executed following the conditions of the agreement.

Let’s take a close look at the top 5 Best Smart Contract Platforms for 2022.

• Ethereum (ETH)

Ethereum is the most loved choice because of its ecosystem and coding language, Solidity. It has a lot of room for customization due to the support of advanced coding and processing for Dapp development.

This is the leading smart contract platform in the blockchain industry because of complete decentralization. Ethereum has given cryptographers, investors, and developers more than just a peer-to-peer operation. It allowed them to run apps on its Ethereum Virtual Machine (EVM).

It is a secure network that enables developers to create high-functioning Dapps. The reason behind Ethereum being crowned the king of smart contracts is companies investing money in it. This is because the blockchain platform is planning on shifting from proof of work to proof of stake.

If the move is successful, then it will result in improved protocol economics and easier implementation as well.

• Solana (SOL)

Solana has proved to be the top smart contract platform for 2022. It is a scalable network that is unlike any other blockchain. It enables users to run the smart contract simultaneously within its single-layer system.

Many say it is better than Ethereum due to its low transaction fees of $0.00025 and speedy transfers. Even though it is a fairly new project, Solana has created a lot of hype. This is because the Smart Contract Audit Services has the ability to process thousands of transactions per second.

This smart contract focuses primarily on performance and contains program logic only. Furthermore, it works on the Proof Of History mechanism that allows breakneck transaction speeds using Solana.

Despite all these features, Solana continues to battle instability and struggle to maintain itself in the modern-day market. However, if your project calls for massive decentralized exchange, then Solana will be able to back it up to the last and ensure the utmost consistency at all times.

• Polkadot (DOT)

Polkadot relies on the relay chain system, as it isn’t a smart contract platform. They recently launched Moonbeam which allowed developers to build DApps. So, Polkadot acts as a substrate.

The framework enables developers to experiment because they have complete control of everything. This includes transaction history, consensus mechanism, finances, etc. The creators of the Polkadot smart contract have taken a shortcut by implementing EVM.

It reduces the load on para chain builders because of Ethereum support. It further allows safe and instant communication between interested parties. This interoperability promises the growth of the smart contract.

• Stellar (XLM)

Stellar has the potential to become the top smart contract platform in 2022. It has excellent speed and is cost-effective.

The interesting part of this smart agreement is that it can be coded in any programming language.

Unlike others, there is no set language or virtual machine. It attracts developers from different backgrounds due to tons of functionality. The infinite amount of languages reduces the number of errors and security threats.

• Polygon (MATIC)

In a world glittering with more than 6,000 cryptocurrencies, Polygon MATIC is the glue that holds everything together. The network provides infrastructure that allows interchain scalability, helping different blockchains interface with one another.

By creating a sidechain that facilitates execution and cooperation between users, MATIC makes transactions several times faster than top coins like bitcoin or ether. It is also cost-effective and cheaper than other traditional options.

Conclusion

Smart contracts are a set of codes that permits transactions between a buyer and a seller without requiring a legal assistant or centralized authorities whatsoever. It eliminates the middle man involved in every traditional transaction.

Each of these smart contract platforms comes with a unique set of perks and abilities that make them stand out from the rest. However, in order to ensure sustainability and make the most out of these smart contracts, it is always crucial to get in touch with an expert.